Tagged Questions

4
votes
2answers
57 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 Crossing out an outdated address is not necessary in the ...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
26 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 ...
5
votes
1answer
85 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 ...
6
votes
1answer
107 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 ...
11
votes
5answers
2k 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?
5
votes
4answers
3k 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
818 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 ...
4
votes
1answer
315 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
220 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 ...
1
vote
1answer
3k 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 ...
3
votes
2answers
154 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
773 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
405 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?
2
votes
5answers
6k 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?
5
votes
3answers
842 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
2k 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
1k 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
139 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 ...
10
votes
2answers
1k views

Is there something on a check (cheque) that determines what currency it is?

We're a US company. We got a check from a Canadian company and usually the check will say "USD" on it. Otherwise when we deposit it, the check will clear as CAD. This check has no indicators on ...
4
votes
1answer
1k views

What laws govern check clearing in the US?

When I deposit a check in my bank, the bank credits the first $100 of the sum immediately and the rest of the sum is credited the next day, usually. I know that it's not a real clearing - i.e. if the ...
27
votes
14answers
2k views

Do Americans really use checks that often?

That might sound a bit silly to people from USA but is it really that common to use checks in America? I am from Austria and here (Austria, Germany, Switzerland) checks play practically no role in ...
3
votes
3answers
167 views

What forms of payment am I compelled to accept?

In relation to this question about maximum amounts a check can be written for If I sell something like a car or other expensive item on Craig's List or in the local paper classifieds, am I compelled ...
9
votes
2answers
1k views

Do personal checks expire? [US]

Do personal checks expire in the US? Also, if I stamp the following on it: VOID if not claimed within 60 days. Will that be honored by most banks? Related Do personal cheques expire? ...