0
votes
2answers
67 views

Minor open checking and saving account

Is it the norm for banks to allow a minor (age 17) to open either or both types of accounts in America?
3
votes
3answers
190 views

What can I do with “stale” checks? Can I deposit/cash them?

Back in December 2013, I paid the insurance for a "friend's" business on my credit card so that it wouldn't get canceled. The amount was $1,700+ but before I did, I requested a post-dated check for ...
2
votes
2answers
1k 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 ...
2
votes
1answer
132 views

How to protect your checking account from unauthorized transfers?

I have been thinking about how unsafe a checking account is. Every time you give a check to someone, you are providing your routing number, your account number, your bank, and your name, so I really ...
1
vote
1answer
316 views

Do I have to order checks from my bank or can I buy them from a local printer?

Or can I just ask a local printer to print checks? I ordered checks from my bank, but after 60 days, they haven't arrived, so I think I'll just order checks from local printers. What do I need to tell ...
5
votes
1answer
464 views

Why does my checking/savings account offer a higher interest rate than a standalone savings account?

I have a bank account with checking and savings bundled together; if I make enough purchases with my debit card, I earn a higher interest rate on the savings. Today I decided to look at other types of ...
3
votes
1answer
4k 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
1answer
226 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 ...
3
votes
1answer
347 views

Are there any alternatives to ING's Electric Orange that have similar features?

I currently utilize ING Direct for savings and checking via Electric Orange and Orange savings accounts. However, two features of their bank have stopped me from truly utilizing their services to the ...
6
votes
2answers
1k views

Common practice to closing a checking and savings account?

Is there a common practice to closing a checking & savings account? For example, should I transfer all the funds electronically to my other bank then call and close it or is it better to get a ...
4
votes
1answer
807 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 ...
2
votes
1answer
97 views

Difference between clearing a check and hold on funds

Quick question on banking terminology: Can a check deposited in a U.S. bank clear, but still have the funds be subject to a hold? Or are clearing and not having a hold the same thing?
3
votes
3answers
586 views

Are there any restrictions on cashing a high-value (large amount) personal check?

Are there any restrictions on cashing a high-value personal check (say just less than $100,000) from a bank where I don't hold an account. My friend will give me a check for the amount from BofA, but ...
4
votes
2answers
773 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
136 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 ...
3
votes
2answers
98 views

Setting up bill pay to an individual's checking account

How can I set up automatic bill pay from my checking account to deposit into somebody else's checking account? I know their routing number and account number, and the name of their bank (US Bank in ...
8
votes
2answers
4k 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?
2
votes
5answers
212 views

What's a good free checking account?

I just found out that US Bank is about to start charging for checking accounts if you don't also have a savings account (or direct deposit). I'll probably just open a savings account, but it prompted ...