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Questions tagged [check]

for questions related to a Check [spelled as Cheque in Asia, UK, and Canada] as a bank instrument to withdraw money.

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42
votes
7answers
116k views

Can't the account information on my checks be easily used for fraud?

My Bank of America checks contain my routing & account number, which I've used in the past to make purchases online, among other things. Anyone whom I pay with a check has this information. It ...
15
votes
4answers
329k views

How to correct a mistake made when writing a check?

I think I know the answer to this, but I'm not sure, and it's a good question, so I'll ask: What is the accepted/proper way to correct a mistake made on a check? For instance, I imagine that in any ...
10
votes
2answers
13k 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? [Canada]
7
votes
3answers
3k views

Do “crossed checks” work in the United States?

I grew up in Australia, and learned that when I write a check, I should generally cross it with two diagonal lines with Not Negotiable written between them. The idea being that this signifies that ...
4
votes
2answers
837 views

found a 1994 uncashed profit sharing retirement plan check

I found an old un-cashed check dated 1994 for $487 from my Xerox Retirement plan with no expiration date. Can I still cash it?
25
votes
5answers
192k views

Is there a limit on the dollar amount of a personal check?

Is there a limit on the dollar amount of a personal check?
19
votes
2answers
3k views

Does a post-dated check have any *valid* use for delaying payment?

I was recently witness to a salesman claiming that a customer could post-date a check to guarantee their check would not be cashed before the item they just ordered was received. I was under the ...
15
votes
2answers
1k views

When can I be sure a questionable check has cleared?

Someone has sent me a check for $250 in payment for property damage they caused in a car accident. It would have been better if I had gotten a cashier's check or official check, but I'll have to make ...
13
votes
6answers
39k 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 ...
12
votes
5answers
9k 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 ...
7
votes
6answers
52k views

Are there special endorsement requirements for US Government checks to two parties?

At a bank where I have a checking account in my name only, I regularly cash a dividend check made out to my wife AND me. My wife endorses the check at home and then I stroll down to the bank and add ...
57
votes
14answers
10k 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 ...
58
votes
4answers
13k views

Counterfeit checks were created for my account. How does this type of fraud work?

Two days ago, first thing in the morning I updated my quicken accounts and saw that my primary checking account had two unidentified checks totaling several thousand dollars, wiping out the account ...
20
votes
1answer
4k views

Is income from a check taxed according to the date written or the date deposited?

Scenario Let's say I was given a check from an LLC on December 15 that was written to my LLC on that same day, and I cash it on January 15 the following year. Question Will I have to claim the ...
18
votes
2answers
13k 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 ...
13
votes
4answers
7k views

Is there a standard check format in the USA?

In the USA, do checks(also known as cheques in some parts of the world) have the same format across all banks and financial institutions? Adding on, is there a standard format followed across the ...
6
votes
1answer
2k views

Stolen wallet containing check. What are the proper steps to take now?

My wallet was stolen. I cancelled all my cards, but I also had a check written to me that I hadn't deposited yet. I have contacted the issuer of the check and asked him to cancel it, but he says he is ...
16
votes
5answers
7k 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 ...
6
votes
2answers
22k 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 ...
4
votes
3answers
17k views

How do I cash a USD cheque in Europe, quickly?

I'll receive a USD cheque shortly. I prefered payment by money transfer, but all attempts to do so - i.e. SWIFT/IBAN, Payoneer, transferwise - failed. Now I will receive a cheque by mail. I contacted ...
3
votes
1answer
19k views

(How) can I print my own checks on my printer on regular paper?

If I want to write a check from one of my accounts, I can obviously order a checkbook. The thing is, I don't want or need a whole checkbook. I might just need, like, 1 check. Maybe 2. Now, banks ...
3
votes
1answer
189 views

Depositing check with blank legal line at Bank of America

Someone wrote me a check but left the legal line (i.e., the line where the check amount is spelled out with words) blank. I tried to deposit it at the counter at my local Bank of America, and the ...
1
vote
2answers
491 views

Semantics of taxation for year-end money transferred by check

This is a follow up question to Income - Taxed on check date written or date deposited? I'm going to give a theoretical situation that has the possibly of becoming reality for me at the end of this ...
47
votes
7answers
175k views

What is the purpose of endorsing a check?

Why do you need to sign a check on the back when you deposit it to your account?
12
votes
5answers
35k 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 "...
34
votes
20answers
13k views

How to safely destroy (a large quantity of) valid checks?

A while ago I had my bank issue me new checks due to a change of name (I got married). However I still have many hundreds of checks with the out of date info (they're an online bank and issue about ...
22
votes
3answers
5k views

Why is “cheque cashing” a legitimate business?

There are many places around here, often co-located with pawn shops or payday-loan places, where they offer to "cash cheques" immediately, with some very high fee. How does this get any business? ...
21
votes
2answers
165k views

What's the difference between a certified check, a cashier's check, a money order, and a bank draft?

The question comes from reading this answer. I've heard these terms used somewhat interchangeably, but I have no idea what the differences are. What's the difference between a certified check, a ...
2
votes
2answers
37k views

How long are checks issued by Bank of America valid?

I am writing a check using my account at Bank of America. How long will it be valid? In other words, how much time does the recipient have to cash it?
15
votes
4answers
411k views

Is it possible to cash a check made to someone else's name? How to do so?

Is it possible to cash a check made to someone else's name? How to do so?
13
votes
3answers
23k 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 "...
12
votes
5answers
24k views

Can a “For Deposit Only” endorsement on a check be changed (canceled) by initialing?

My wife endorsed a small check "For Deposit Only". Then, she crossed the endorsement out, and initialed it. The grocery store refused the check, saying once it's endorsed for deposit only, the bank ...
11
votes
1answer
2k 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 ...
7
votes
1answer
40k views

Do personal cheques expire? [Canada]

In Canada, cheques issued by the Government of Canada do not expire. do personal cheques ever expire? If so, what is the limit before they need to be re-issued?
7
votes
4answers
1k 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 ...
1
vote
2answers
266 views

How to change the default validity length of a check in the US when emitting it?

Checks issued by US banks are typically valid for 180 days, although it might vary depending on the state and the bank. When writing a check, how can I change its default validity length? I sometime ...
14
votes
3answers
102k views

Bank Draft vs. Certified Cheque - when is it appropriate to use one or the other?

Bank drafts and certified cheques are similar but have different costs associated with them. When is one more appropriate to use vs. the other?
13
votes
4answers
2k 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 ...
12
votes
2answers
44k 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?
12
votes
2answers
704 views

Why do they ask whether it is a paycheck or not in a bank?

I am getting paid with checks so each time I deposit it to my bank account they ask whether it is a paycheck or not. What difference does it make?
11
votes
3answers
5k views

What is the difference between a bad/bounced check and insufficient funds?

I was reading the answer to another question, and read this statement which basically states that writing a bounced check can land you in jail: you're committing a fraud, namely offering someone a ...
10
votes
2answers
15k views

How can I cash or deposit a check made out to my minor child?

Does my bank need to be aware of my child first? Do I need to, or should I, add anything to the back of the check where I would normally endorse it?
5
votes
2answers
5k 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 ...
5
votes
2answers
10k views

Two names on US tax refund, filed as 'single'

I received my US federal tax return earlier this month. When I first looked at the check, I noticed it had a % symbol, followed by my mother's name on the line below the one with my name. It looks ...
4
votes
1answer
379 views

How to protect yourself from a fake security deposit check?

I am subletting my place to someone on craigslist for the first time. The potential tenant and I have a dilemma. The tenant does not want to give me a check (with a security deposit and first months ...
4
votes
1answer
5k views

How can I cash US treasury check in India?

I have a United States Treasury check. Please let me know how to encash it in India. I tried ICICI bank but they are unable to process it.
3
votes
4answers
3k views

Do I need to insure a large check when sending via mail?

My girlfriend has a bank account that is on hold because of a stolen debit card number. She recently signed a contract for 90k but has the first check in my name for 60k. She is stuck in London for a ...
3
votes
1answer
1k views

Must a c/o party be present in order for payee to cash a check?

I did taxes for friend 90 miles away and she authorized state to talk with me regarding tax prep since I understand filings. Refund check is made payable to her c/o me. She does not have a bank and ...
3
votes
3answers
2k 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
260 views

How to process IRS check as a non-resident?

I used to live in the US. I filed in my tax returns, then I had to move out of the country, closed my bank account and everything. Now, my ex-roommate received my IRS check. I was wondering, how can ...