Coronavirus and Walt Disney World general discussion

[SamusAranX]

Not my problem. If you don't have it on hand, then get it sent over or direct me to the location where I can get it today. It's crappy service. I wouldn't take it out on the teller, though. So I feel for you on that.

That too. And I'll ask the same question I asked the bank at the time. What's the point of a certified check if it's not actually certified? A simple phone call should clear it up. "Hey other bank, rowrbazzle has check from you for $5,000. Is it good? It is? Okay, thanks." The procedures aren't doing anything for me - the person whose money it is. But again, I wouldn't take it out on the teller. (Except on a Disney message board, it seems. )

We were allowed to attempt to verify a check, but I would say 80 percent of banks will not verify funds over the phone to you, even if you swear up and down you work for XXX Bank and Trust. In fact, it was corporate's policy that we did not take over the phone requests for verification even for our own certified checks being called in; and I literally knew the tellers at the competitor across the street and couldn't help them!

Certified checks used to be the point, you're right. Fraudsters caught up; and every check via bank looks and feels different, so how do you expect us to be able to tell personally lol. Now cash, yes, you get a "feel" and you know after some experience. in the end, bank's have internal SOA's that employees must adhere to and if we signed off on it, and something bad happened, you [the employee] took the fall (which happened to me; damn near lost my job over it). some amounts you literally couldn't sign off on instant access (talking big checks); that required branch manager approval.

Rather then lose our job, we sent the check off to be processed by proofing, and if there was a problem, then we prevented fraud and saved you headaches. And deposits turn around really quick now, overnight on business days for most checks.

And no its not your problem, nor is it the bank's; there is only so much printed cash, thats not a bank thing, that's a cash flow/US mint/regulatory thing. Let's say a bank gets 100k on its weekly shipment. That's forecasted via computers and within regulatory limits for cash orders; with a built in buffer. So if you come in asking to cash a 30k check, and we run out of money (and yes, it's happened to me, at least we got low and had to even refuse 10k checks), then it's another customer or business saying the "it's my money why can't i get it". So no matter what, someone gets screwed in that scenario. Instead, be patient, we special order it for you, and you have it within 48 hours. If you feel comfortable enough walking out of the bank with that much cash

Sheesh, I don't even work there anymore, why am I still defensive

 

[DCBaker]

 

[Sirwalterraleigh]

It sure looks like Pfizer was treating it like a “business opportunity”...

...but why would you say “no”??

 

[hopemax]

It sure looks like Pfizer was treading it like a “business opportunity”...

...but why would you say “no”??

Obviously, betting on other companies coming through first. But now the Executive Order I saw news about first, makes more sense.

When I was looking at the vaccine info the other day, it looks like the US is predominantly into orders for the AstraZeneca vaccine (500 million of the 800 million I mentioned the other day) and less on the Pfizer, Moderna and the other ones. So we better hope AZ doesn't have any more hiccups.

 

[oceanbreeze77]

so what does the "no more orders til June" exactly mean???

 

[Sirwalterraleigh]

Obviously, betting on other companies coming through first. But now the Executive Order I saw news about first, makes more sense.

When I was looking at the vaccine info the other day, it looks like the US is predominantly into orders for the AstraZeneca vaccine (500 million of the 800 million I mentioned the other day) and less on the Pfizer, Moderna and the other ones. So we better hope AZ doesn't have any more hiccups.

It probably made sense to order about a billion of each and then have a firesale after

 

[GoofGoof]

The full warp speed plan ordered 1 billion doses of vaccine from 6 different companies. They ordered 100 million doses from Pfizer and 100 million from Moderna with 500 million from AstraZeneca. The remaining doses are from vaccines that haven’t finished trials from JnJ, Novavax and Sanofi-GSK. In addition the US has an option to buy 500 million additional doses from Pfizer and 400 million doses from Moderna. I am assuming that the issue is the optional doses will be filled after other nations receive their firm purchases from the companies. If several of the 4 remaining vaccine candidates come through it won’t be an issue as the country will have plenty to go around. If we only end up with Pfizer and Moderna it may take a little longer to vaccinate everyone who wants a vaccine. Worldwide 9.8 billion vaccine doses are under contract with an additional 2.6 billion reserved as options to buy.

Edit: The JnJ vaccine could be a game changer as the US has purchased 100M doses with an option for 200M more and that vaccine candidate may only need 1 dose. If you combine Pfizer, Moderna and JnJ that’s enough doses to vaccinate 200M people or 80% of adults in the US. That’s without factoring in AstraZeneca or the other 2 candidates purchased.

 

[JoeCamel]

The full warp speed plan ordered 1 billion doses of vaccine from 6 different companies. They ordered 100 million doses from Pfizer and 100 million from Moderna with 500 million from AstraZeneca. The remaining doses are from vaccines that haven’t finished trials from JnJ, Novavax and Sanofi-GSK. In addition the US has an option to buy 500 million additional doses from Pfizer and 400 million doses from Moderna. I am assuming that the issue is the optional doses will be filled after other nations receive their firm purchases from the companies. If several of the 4 remaining vaccine candidates come through it won’t be an issue as the country will have plenty to go around. If we only end up with Pfizer and Moderna it may take a little longer to vaccinate everyone who wants a vaccine. Worldwide 9.8 billion vaccine doses are under contract with an additional 2.6 billion reserved as options to buy.

"The Art of The Deal"

 

[oceanbreeze77]

If we only end up with Pfizer and Moderna it may take a little longer to vaccinate everyone who wants a vaccine. Worldwide 9.8 billion vaccine doses are under contract with an additional 2.6 billion reserved as options to buy.

I know we had to proceed with caution, I said this myself last week on here too, but THIS SUCKS.

 

[DCBaker]

 

[oceanbreeze77]

record breaking across the board.

 

[Sirwalterraleigh]

The full warp speed plan ordered 1 billion doses of vaccine from 6 different companies. They ordered 100 million doses from Pfizer and 100 million from Moderna with 500 million from AstraZeneca. The remaining doses are from vaccines that haven’t finished trials from JnJ, Novavax and Sanofi-GSK. In addition the US has an option to buy 500 million additional doses from Pfizer and 400 million doses from Moderna. I am assuming that the issue is the optional doses will be filled after other nations receive their firm purchases from the companies. If several of the 4 remaining vaccine candidates come through it won’t be an issue as the country will have plenty to go around. If we only end up with Pfizer and Moderna it may take a little longer to vaccinate everyone who wants a vaccine. Worldwide 9.8 billion vaccine doses are under contract with an additional 2.6 billion reserved as options to buy.

Edit: The JnJ vaccine could be a game changer as the US has purchased 100M doses with an option for 200M more and that vaccine candidate may only need 1 dose. If you combine Pfizer, Moderna and JnJ that’s enough doses to vaccinate 200M people or 80% of adults in the US. That’s without factoring in AstraZeneca or the other 2 candidates purchased.

So that looks almost like “non-commital commital”

I Mean...money doesn’t grow on trees. You can’t print it then give away

"The Art of The Deal"

Made my day

 

[GoofGoof]

"The Art of The Deal"

If they are going to name the vaccine after Trump maybe they throw in a few hundred million extra doses

 

[GhostHost1000]

NY Times so take it with a grain of salt. Pfizer’s is also the one that has to be refrigerated and I think 2 dozes is required. There may be other better ones on the way many are in testing and you know these big pharma companies saw big $’s moreso than saving the world

 

[Calmdownnow]

I can understand why Disney hasn't built a theme park in your country

They wouldn't like our labor laws preventing corporations stiffing employees during a pandemic.

 

[Calmdownnow]

That's not true at all.

Yes we know it's not true, but it's what they argue.

 

[HarperRose]

I'm with the customer on that. It's my money; give it to me now. I remember I had a certified check from another bank and my bank still made me wait. The bank is making money off of my money every day they hold it. Giving it back to me as soon as I ask for it is not too much to ask.

You realize banks rarely have that amount of cash in their vault, right? You will be required to file a special form that goes to the IRS if it's over $10,000 (no exceptions) and the bank will have to fill out a TTR. It isn't as easy as "here's your $30,000 in cash, sir". You can thank money launderers for that.

 

[Sirwalterraleigh]

record breaking across the board.

“But it’s only _____ that matters. And Florida is fine”

I forgot what today’s excuse is???

 

[Sirwalterraleigh]

You realize banks rarely have that amount of cash in their vault, right? You will be required to file a special form that goes to the IRS if it's over $10,000 (no exceptions) and the bank will have to fill out a TTR. It isn't as easy as "here's your $30,000 in cash, sir". You can thank money launderers for that.

Granted...there is a protocol to be followed...but I don’t believe there is a “mandatory” waiting period any longer?

Not a ton of money...If they don’t have that much on hand...prolly should close the branch and go all digital

 

[easyrowrdw]

You realize banks rarely have that amount of cash in their vault, right? You will be required to file a special form that goes to the IRS if it's over $10,000 (no exceptions) and the bank will have to fill out a TTR. It isn't as easy as "here's your $30,000 in cash, sir". You can thank money launderers for that.

This silly conversation has already been completed, but I guess you didn't make it that far. Here you go; I put it all in one place for you.

You can’t just walk into a bank and expect them to give you money they don’t have on hand. Banks only keep a limited amount in the vault for safety and security. If we carried the exact amount of actual local account deposits on hand, well, yeah; it’s not possible. Only so much cash flow . So anything above a certain percentage of the vault had to be ordered by request. Otherwise, we’d be screwed for other customers, even ones who only were cashing a few hundred; or businesses needing change orders.

As far as the transaction forms, that’s courtesy of the Patriot Act and other finance regulations. The bank has no choice in the matter. So neither did we as employees.

edit: we’re you referring to deposited funds? Certified checks are forged all the time, even if you think you got it from a legit person and transaction (I’m assuming you had the check cut yourself). But we don’t know that, we’re not omniscient. Regardless, we need to verify the legitimacy of the check and the funds. Otherwise, you’re on the hook if you spend the money prematurely, as well as fees. Which you would complain about I’m sure. Not to mention the employees job could be jeopardized if they broke any procedure. Trust me, I got burned on making exceptions for a sob story

Not my problem. If you don't have it on hand, then get it sent over or direct me to the location where I can get it today. It's crappy service. I wouldn't take it out on the teller, though. So I feel for you on that.

That too. And I'll ask the same question I asked the bank at the time. What's the point of a certified check if it's not actually certified? A simple phone call should clear it up. "Hey other bank, rowrbazzle has check from you for $5,000. Is it good? It is? Okay, thanks." The procedures aren't doing anything for me - the person whose money it is. But again, I wouldn't take it out on the teller. (Except on a Disney message board, it seems. )

I agree to a certain extent; what I was mainly referring to was actual large checks. Talking 15k plus. Even then, it wasn't an automatic no. We had to look at the vault, the computer forecast based on transactional trends, and when our next shipment came in. Regardless if you agreed or not, it wasn't fair to us employees. Yes it's cliched, but we mean it when we say we don't make the rules, only enforce them.

Putting aside the problems with bank regulations (and there are many), I agreed in principle that you should limit what's in your vault at local branches, for a myriad of reasons. in the end, wasn't up to me as head teller. If we went beyond what the bank's forecast said we could order for the week, we had to explain why and receive approval. Out of my control.

We were allowed to attempt to verify a check, but I would say 80 percent of banks will not verify funds over the phone to you, even if you swear up and down you work for XXX Bank and Trust. In fact, it was corporate's policy that we did not take over the phone requests for verification even for our own certified checks being called in; and I literally knew the tellers at the competitor across the street and couldn't help them!

Certified checks used to be the point, you're right. Fraudsters caught up; and every check via bank looks and feels different, so how do you expect us to be able to tell personally lol. Now cash, yes, you get a "feel" and you know after some experience. in the end, bank's have internal SOA's that employees must adhere to and if we signed off on it, and something bad happened, you [the employee] took the fall (which happened to me; damn near lost my job over it). some amounts you literally couldn't sign off on instant access (talking big checks); that required branch manager approval.

Rather then lose our job, we sent the check off to be processed by proofing, and if there was a problem, then we prevented fraud and saved you headaches. And deposits turn around really quick now, overnight on business days for most checks.

And no its not your problem, nor is it the bank's; there is only so much printed cash, thats not a bank thing, that's a cash flow/US mint/regulatory thing. Let's say a bank gets 100k on its weekly shipment. That's forecasted via computers and within regulatory limits for cash orders; with a built in buffer. So if you come in asking to cash a 30k check, and we run out of money (and yes, it's happened to me, at least we got low and had to even refuse 10k checks), then it's another customer or business saying the "it's my money why can't i get it". So no matter what, someone gets screwed in that scenario. Instead, be patient, we special order it for you, and you have it within 48 hours. If you feel comfortable enough walking out of the bank with that much cash

Sheesh, I don't even work there anymore, why am I still defensive