2
votes
1answer
69 views

Is issuer's bank allowed to charge fee when cashing check?

I have previously heard that if you take check to the issuer's bank; they are required by law to cash the check for the full amount. Recently I got a check from business but when I took it to their ...
2
votes
2answers
97 views

How Long Can It Take For a Check I Write to Clear on My Account?

If I write a check to someone (in this case, from an LLC), on a local bank, and it goes to someone who is within 10-25 miles of me, and they take that to their bank (also local and not my bank), is ...
0
votes
1answer
57 views

Cashable copy of a check

what does it mean when BOA sends you a cashable copy of a check deposited in an ATM that was not endorsed
2
votes
2answers
73 views

Should I give to charity by check or credit card?

I intend to donate some money to a major charity. I could donate online with a credit card, or by mail with a check. I'd like to choose the method that is less expensive for the charity, so that ...
3
votes
1answer
73 views

What's the difference between “direct credit” vs. “local wire transfer”?

Wikipedia states that the alternatives to cheques include "direct credit" and "wire transfer" among others. What is the difference between "direct credit" and "local wire transfer"? For example, ...
1
vote
2answers
467 views

What to enter on the check ordering form?

I want to order checks for my Bank of America checking account from a third party, but I don't know how to complete the checkout form: Suppose my numbers were: Account number: 1234 5678 9012 ...
7
votes
1answer
2k views

Is writing out the entire spelling of the cents on a check acceptable?

I was writing a check and while I was writing, I spelled out value of say $124.12. I accidentally wrote "One Hundred Twenty Four and Twelve Cents", instead of "One Hundred Twenty Four and 12/100". Is ...
2
votes
1answer
2k views

What happens when “bill pay” check does not get cashed

In the US, some banks generously offer a "bill pay" service, which is an online page that allows you to mail a (paper) check to a US address. Most banks don't change for this service, which "saves you ...
5
votes
2answers
403 views

For which alterations on a personal check in the US does one need to initial?

For which alterations on a personal check in the US does one need to initial? Crossing out one's old address on a personal check is possible. Crossing out an outdated address is not necessary in the ...
1
vote
1answer
65 views

How can one fill in the cent portion of the numeric amount on a personal check in the US?

On personal checks in the US, one fills in the numeric version of the dollar amount towards the left of the respective rectangular field. Say the check is for $36.25. I have seen different ways of ...
8
votes
1answer
222 views

Which colors can one use to fill out a check in the US?

With which colors can one fill out and sign and personal check in the US? Black is of course okay; I have heard that blue is also allowed. An ideal answer will give references. Is there anything ...
5
votes
1answer
202 views

Is a blank voided check the same as a fully filled out voided check?

For the last year now, I've collected checks for a company. Procedure is to collect and void the check. For some reason, I'm now asking for a blank voided check. Isn't a check that's voided just ...
2
votes
1answer
10k views

What is an inclearing check?

My US bank showed a transaction without a check number and called it an "inclearing check". The month is not over, so i haven't seen how it's shown on a statement. But a bit of searching on the web ...
1
vote
3answers
524 views

What could a malicious party potentially achieve by having *just* a name, account number, and sort code?

There seem to be many conflicting points on this issue, most prominently this story published in the Daily Mail not so long ago , so I ask the nice community on stackexchange to shed (researched) ...
5
votes
3answers
8k views

How can I get free or discounted checks for my bank account?

I bank with chase and my account type does not qualify me for free check books. I have to pay a fee to get a check book. Is there a way I can: Get a free check book for my account? Print my own free ...
1
vote
1answer
606 views

leaving the amount on a check blank

Suppose a person writes a check out to someone that they owe $500, but does not specify the amount on the check and instead tells the person to fill out the amount for five hundred and cash it. If the ...
4
votes
1answer
342 views

I live in Brazil, I have no US bank account and received a US Treasury check. How do I get my money?

I'm an US citizen living abroad who has no US bank account and that got a tax refund from the IRS. I have and frequently use a Paypal account, but Paypal accounts for people living outside the US ...
4
votes
1answer
311 views

Getting a USD cheque, without too many fees, and with a sensible exchange rate?

In order to exercise a stock option, I find myself needing a USD cheque. Annoyingly, it has to be a cheque and it has to be in USD, neither a GBP cheque nor a USD wire transfer are acceptable. (I've ...
1
vote
1answer
91 views

Business check MICR strings: why is the check number on the left?

I have always seen the MICR string at the bottom of a personal check have the routing number, then account number, then check number. Why do business checks often have the check number on the left?
0
votes
1answer
128 views

When are checks are preferred over cash, and when cash is preferred over checks?

Checks are not guaranteed to be cashed, as the payer's account may not have enough money at the time of cashing, and the payer may not know when the payee is going to cash the check. When that happen, ...
11
votes
1answer
1k views

Is this reply promising a money order and cashier check a scam?

Lately, I have been tied up with my moving soon, among others. I got a reply from my ad for moving sale at craigslist, the author of which claims to be currently living on the other side of Atlantic ...
11
votes
5answers
4k views

A merchant requests that checks be made out to “Cash”. Should I be suspicious?

My barber accepts only cash or checks made out to "Cash". Is there a likely legitimate reason she might want the checks made out to "Cash"? Or am I helping her hide her revenue from the IRS?
2
votes
2answers
990 views

Should I make a copy or scan of a check before depositing checks whenever possible?

Or can I simply take a picture of the check with my cellphone before depositing the check, just in case there is a disputed transaction?
4
votes
2answers
188 views

Cashing Checks Via Photograph

Recently I discover a great time saver. Rather than Fedexing my check to my bank in US, I simply photograph the check with IPhone and tada the check is deposited. However I still have to have the ...
4
votes
3answers
2k views

What should I do if a check gets lost in the mail?

Should I request a new check from the sender? And is there a risk that they might not provide one? What if something else happens, like what if the check gets damaged?
14
votes
5answers
2k views

Cashing a fishy cheque addressed to someone else

I agreed to cash a cheque for someone I don't really know. In hindsight, this was very stupid, but now I need to figure out how best to get out of this situation. We both endorsed the cheque, it ...
5
votes
2answers
1k views

Stale dated check in posession, company won't reissue, sol?

Basically as the topic suggests I have a check in my possession which while it doesn't have "void after.." appears to be valid only for 6 months. Company isn't responding to emails, I have a credible ...
1
vote
3answers
17k views

How can I deposit a check made out to my business into my personal account?

When I invoiced this company, my invoice specifically said to make it payable to me personally, not my business (since I don't have a business account besides PayPal). Unfortunately, they made it out ...
6
votes
4answers
8k views

Any practical difference between “personal checks” and “business checks”?

I need to order checks for my LLC. I wrote maybe 5 paper checks last year (by hand, not printed). So it doesn't make sense for me to spend $30-40+ on "business checks" if I can spend $5-10 on ...
2
votes
2answers
2k views

How do I deposit a USD check into a US bank account by mail from abroad?

Forgive me for what is probably quite an obvious question for anyone who understands the US banking system, but I don't. I live in the UK, and I have a check in US dollars I need to do something ...
10
votes
4answers
3k views

What if I received a check with two different amounts written on it (words vs. number)?

I received a check personally written to me from a family member. The family member that wrote & sent me the check wrote where you write out the amount of what the check is suppose to be for, in ...
4
votes
1answer
642 views

MICR and self-printed check acceptance requirements at Federal Credit Unions?

I read that you can print your own checks, but many banks will not accept or place fines on checks which don't have the routing and account number not written in magnetic ink. My related questions ...
3
votes
3answers
411 views

Cashing a joint check

My girlfriend (over 18) is estranged from her parents, but recently discovered money in her name in the form of stocks. She sold the stocks, but the company that handled the transaction sent a check ...
2
votes
1answer
9k views

Given a MCIR routing number, how does one find the “fractional routing number”?

I'm trying to order checks for the first time, and the check provider is asking for me to provide a routing number and checking account number, both provided by my bank. However, they're also asking ...
0
votes
1answer
316 views

Cashable, Depositable Or Redeemable On Invoice?

I will be issuing invoices to my customer very soon. I don't know whether I will be cashing or depositing the cheque sent in for payment. What is the best way to communiate this to my customers? ...
8
votes
1answer
335 views

Buying checks from places besides your bank? How does it work?

I just opened a new account at Bank of America. The checks they sell aren't cheap and I heard that you can buy checks elsewhere. Does this mean that I can just buy a packet of blanket check and just ...
3
votes
2answers
617 views

Is it ok to use a check without a pre-printed check number?

I opened a new account for my business and got a bunch of starter checks. They have the routing and account numbers preprinted with MICR font and magnetic (I presume...) ink, but they don't have a ...
4
votes
2answers
2k views

Cashing a foreign check in US

Is it possible to deposit a check issued by a foreign bank in a US bank? To be specific, I would like to know if I can deposit a check issued by a bank in India in INR in my bank in US. I was able to ...
6
votes
3answers
1k views

Can my significant other deposit a check made out to me?

We share a bank account; if the check is made out to me personally, can I have my other half run it to the ATM while I'm at work? Also, is it legal to do so?
3
votes
3answers
152 views

How can I minimize the costs of using paper checks?

I'm a college student, and much as I prefer doing my banking online, I often need to use paper checks for things like paying the rent, splitting bills with roommates, random university fees not ...
7
votes
5answers
23k views

What happens if I deposit a check and forget to endorse it with my signature on the back?

What if I deposit a check into a Bank of America ATM but forget to endorse it with my signature on the back of the check?
2
votes
3answers
976 views

Deposit a cheque in an alternative name into a personal bank account (Australia)

I'd like to be able to deposit cheques payable to a business name into my personal bank account. I do not have a company (Pty Ltd) and at this stage it's probably more trouble than it's worth to set ...
10
votes
3answers
434 views

Someone has my check: any risks?

Some time ago I found a room to rent in another city (via Craigslist). I talked with the lady renting out the room on the phone and after we made a deal I sent her a half of the month rent ($375). Not ...
4
votes
2answers
640 views

Adding a 180 day expiration to checks

I've had several checks that I've written in the past go un-deposited for over a year. Is it worth it to have "Void after 180 days" printed on my checks? I know that banks are not obligated to honor ...
1
vote
3answers
114 views

Restricting a check from being deposited via cell phone

Call me paranoid but I really don't like the idea of someone depositing a check I gave them via a snapshot on their cell phone. I would prefer the check to go to a bank and not be stuffed in some ...
2
votes
2answers
706 views

Camera phone check depositing risks

What risks are there in using a camera phone to deposit checks that are given to me? To clarify: my risks. To clarify: checks given to me.
5
votes
3answers
2k views

Outcome of cashiers check not being cashed before expiry date

What happens to a cashiers check which is not cashed before the expiry date? Let's say a cashiers check which I took out of my account and gave someone which says "void after 90 days" hasn't been ...
6
votes
3answers
3k views

How do I sign over a check made out to two people?

I just received my security deposit refund for last year's apartment, and it's made out to both me and my roommate. Unfortunately we are now living far away from each other. The check is made out to ...
8
votes
2answers
3k views

Does the IRS track every check deposited by me?

Is there a maximum amount limit on exceeding which the tracking starts? Or does each and every check deposited by me gets tracked by IRS for reconciliatory purposes?
8
votes
2answers
164 views

What do I do with the paper check when I make a deposit over the Internet

Just opened an account at a credit union that allows me to make deposits over the Internet with my scanner and a Java app. I assume I need to keep the actual check for at least until the money shows ...