February 5, 2012
In another example that we appear to be rapidly moving into a cashless society, Bank of America in California refused to accept cash for a mortgage payment. The manager of the bank said it was against their policy to accept legal tender physical currency (aka U.S. dollars) as payment for BoA mortgages.
The customer attempting to pay his mortgage, firefighter Robert Somerton, recorded the ordeal in Lakeport branch which made the bank manager so upset that he called the police. The police detained Somerton for a half hour before releasing him with a warning that he may never return to that BoA branch or he’ll be arrested.
“I was shocked. I had no idea this would happen. Since when does a bank not accept cash?” Robert wrote after the affair.
Somerton and his wife, Ana, are victims of fraudclosure and have become the activists known asRob and Ana vs Bank of America. At the height of their foreclosure struggle, they made news when they threatened to bulldoze their home leaving Bank of America a “smoldering pile of debris.”
Watch the rest of the exchange here.
This article was posted: Sunday, February 5, 2012 at 6:50 am