Last spring (mid March) my wife and I moved the funds in our low interest savings to open 3 CD's.
1 In her name with me POD (payable on death)
1 in my name her POD.
And a third much smaller CD in my name with her POD.
Here we are mid DEC and the bank has NO RECORD of the two larger CD's. The funds are, according to the bank, in 2 separate and strangely sized (low interest) MM savings accounts supposedly opened in 2021 which I never opened and know nothing about. Remember, we had a single conventional saving account for the last 23 years there, which covered overdrafts.
The smaller CD has matured now.
Here's the problem, I can't find any paperwork (yet) and it is plausible I left the bank without copies. As I was in a rush to fly to NY that day.
I think the bank did not do what we asked and signed for.
What's really strange is that right after opening the CD's the checking account balance was depleted twice, and there was no overdraft protection. I had to deposit cash to cover the overdraft.
Thoughts?
1 In her name with me POD (payable on death)
1 in my name her POD.
And a third much smaller CD in my name with her POD.
Here we are mid DEC and the bank has NO RECORD of the two larger CD's. The funds are, according to the bank, in 2 separate and strangely sized (low interest) MM savings accounts supposedly opened in 2021 which I never opened and know nothing about. Remember, we had a single conventional saving account for the last 23 years there, which covered overdrafts.
The smaller CD has matured now.
Here's the problem, I can't find any paperwork (yet) and it is plausible I left the bank without copies. As I was in a rush to fly to NY that day.
I think the bank did not do what we asked and signed for.
What's really strange is that right after opening the CD's the checking account balance was depleted twice, and there was no overdraft protection. I had to deposit cash to cover the overdraft.
Thoughts?