Dear Editor,
Being in receipt of a cheque drawn on an account at Republic Bank and payable to me, I recently presented it – for negotiation – to a teller of and at the Bank’s Water Street branch. In time, the teller requested of me the reason I was issued the cheque. I queried if the declaration of the source of funds for that value of instrument was imperative. The teller’s response was, “No.” I offered nothing further.
The teller, after interacting with the staff to which my transaction was referred for review/approval, approached me and again requested that I reveal the reason I was in receipt of the cheque. “I expect the bank to respect my right to privacy,” was my retort.
We both couldn’t be right. Could we?
Yours faithfully,
(Name and address provided)
