Artist Roger Griffiths of New Zealand took a stand against his bank when they rejected his $80,000 mortgage application because he’s an artist with no consistent source of income. He withdrew all of his $190,000 savings in $20 bills and demanded it be ready for withdrawl by 9 am the next morning.
What the bank neglected to consider was that Mr. Griffiths was a customer of 25 years in good standing, had $310,000 in cash as a down payment, and the property included a rental space which earned $2,000 a month. By rejecting his mortgage application, the bank was saying they had no faith in Mr. Griffiths and as a result, he didn’t see any reason why he should continue to show his faith in the bank.
I completely agree with and support Mr. Griffiths’ actions, especially considering our current predicament with the disappearing $200. If a bank cannot support even its best customers what advantage is there for the customer to continue supporting the bank? Customer service is basically nonexistent in the banking industry and in the current economy, banks can’t afford to treat good customers with such disregard. More of us should take control of our money as Mr. Griffiths did.
I have been thinking about your 200$ problem. Did you deposit that at the teller or ATM? Was it all cash? I wonder if someone pocketed your 200$ and obviously they are not tracking things like they should be and they got away with it…
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Jesse – I deposited the money at the ATM after hours. I only did so because we sold our car for cash and the guy had our home address and I was home alone that night. Call me paranoid, but I didn’t think I should drive home with all that money. It never crossed my mind that there would be an issue with the deposit…and yes, I do think someone had sticky fingers.