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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votes
3answers
521 views

Why some banks require some particular software to take photos of checks for deposit?

Some banks accept photos of checks for deposit the checks. But they require some smartphone with some particular software. e.g. https://www.fidelity.com/mobile/android I wonder why they would require ...
2
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1answer
917 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?
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1answer
260 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, ...
18
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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 ...
15
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5answers
21k 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
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2answers
9k 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?
5
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2answers
2k 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 ...
5
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3answers
8k 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?
16
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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 ...
5
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2answers
7k 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 ...
9
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6answers
165k 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 ...
13
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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 "...
3
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2answers
11k 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 with....
13
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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 ...
4
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1answer
4k 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
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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 ...
5
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1answer
66k 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
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1answer
849 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? ...
11
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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 ...
3
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2answers
8k 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 ...
6
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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 ...
7
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3answers
38k 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
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3answers
312 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 ...
21
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7answers
257k 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
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4answers
4k 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 ...
13
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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 ...
4
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2answers
5k 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
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3answers
235 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
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2answers
1k 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
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3answers
6k 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 ...
13
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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
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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?
9
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2answers
216 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 ...
12
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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 ...
12
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3answers
17k views

“Free checks:” do I really need to pay to get “secure and trackable” shipping?

One of the benefits of my Bank of America premium checking account is free checks. However, they recommend "secure and trackable" shipping for the low-low price of only $8.40. Is that just a sneaky ...
13
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2answers
17k 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 it....
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2answers
4k views

What is the difference between a check and a paycheck?

What is the difference between a check and a paycheck?
15
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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 ...
5
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3answers
6k 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 ...
12
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2answers
706 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?
42
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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 ...
47
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7answers
176k 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?
57
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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 ...
11
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3answers
68k views

Are these checks usable?

I recently opened an account at a credit union here, which includes a checking account. They gave me a book of checks on the spot. Are they valid and usable? They simply came out of the drawer and ...
7
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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 ...
25
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5answers
193k 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?
15
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4answers
412k 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?
14
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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?
10
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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
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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?