The bank will likely ignore your demand for lawful money.

Make your demand and keep a record of that. When the bank calls and says they do not like the way you signed, go change it to the way the bank likes it. You have proof you made a demand for lawful money. Now you will get the benefits of redeeming lawful money plus interest over time.

The bank makes a profit, over what they pay you in interest by collecting interest on loans.

The Special Deposits are by law to sit in the vault, untouched by anybody but you. Whenever you make a deposit, even after changing the demand on the signature card or electronic deposit authorization, make your demand clear. For example, on the back of your paychecks. Keep copies of both sides. Your bank will probably become used to breaking the law and you will get your interest, as profit and gain. Whenever you withdraw money, make your demand again.

If this feels dishonest to you, that is because it is. Technically if you make a demand then your bank must honor that. But they might close your new checking account if you insist that they cannot lend it out and profit.

From memory Miyamoto Musashi says, in The Book of Five Rings; Timing in Strategy:

  • Do not think dishonestly
  • The Way is in Training
  • Become acquainted with every art
  • Learn the ways of every profession
  • Distinguish between gain and loss in worldly matters
  • Develop intuitive judgment and an understanding for everything
  • Perceive those things that cannot be seen
  • Pay attention even to trifles
  • Do nothing which is of no use


Therefore I propose that with an advanced understanding of lawful money and redemption, you do not endeavor to take advantage of your bank's need to conduct business as usual. We (redeemed) have shut down a credit union chain, costing people jobs. Also a major bank was compelled to shut down trust accounts because, "We do not want to be your Trustee." Meaning they do not rent out vault space.


Regards,
David Merrill.