I just started working at a new school.
Although I already have an account, my boss insists I open a bank account at her bank, a local cooperative.
She says this is because of recent laws limiting the amounts one can transfer between banks, so she’d rather I use her bank so she can deposit my pay easier and in full. Does this sound ok? As I’m new at her school, I’m still figuring out the extent to which I can trust her (which is, so far so good, knock on wood).
I’d rather not open a new account, as I’ll just be taking the money out and putting it in my other, more convenient bank the same day.
Can I insist on not doing it? Or on cash payment?