East-West Bank has the crappiest rules that where never mentioned to me and my uncle when we opened our accounts.
Today 1/18/19 we went to bank on Sepulveda and Victory to deposit a 2 check received by my aunts burial policy insurance payment my uncles was with me at time.
I borrowed money $6000 cash 3 weeks ago from him and I was paying him back with these 2 checks.
They would not take the checks even when I endorsed it to him. The Asian lady called his bank in Silverlake and reported to the Manager.
The manager refused to take the check and deposited into my uncles account.
He said I would have to deposit it in my account. I told him I was closing my account with them.
I said to manager Chase, Wells Fargo and other banks allow people to deposit endorsed checks.
He said company policy and can not honor the deposit. My uncle was all steamed up and upset that they did this.
Mine you last month they would not allow him to withdrawal $6000 cash from his account when he has hundreds of thousands in that bank.
They think the money you deposit into their bank is their money. You are not allowed to touch it unless they approve it.
NOW, TELL ME IF THIS BANK IS GOOD. MY RATING IS BELOW -0. DON’T BANK WITH EAST WEST BANK.
Too bad East West you need to change your policies and listen more to the customer instead of trying to control them.