RE: 12 USC 411 - "The Demand For Lawful Money"

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12 USC 411 - "The Demand For Lawful Money"

in money •  6 years ago  (edited)

So when you go to the bank to cash your check (and write redeem in lawful money per 12 USC 411 then sign) and when the banker runs the paycheck through the machine is lawful money supposed to come out? Because I did it and it didnt work? I had to tell them and they said we cant do it, then I went to another bank and they said they dont know but they can try calling their managment on how to redeem it........ and is redeeming lawful money supposed to mean I get the gross amount on my check instead of the net amount? Can you explain how you exactly did it to receive your lawful money? Thanks

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Were you at an actual Federal Reserve Bank?