Hot answers tagged

231

Yes, absolutely! You are obligated to pay your rent, and you haven't done so yet. Since this was your landlord's issue and not your own, if your bank charges you a stop payment fee, it would be reasonable for you to request that the landlord allows you to discount the rent by that amount when you rewrite the check.


160

The bottom line is you don't. Checks are rarely written for that amount, currently the average checking balance in the US today is around $6,000 or so. Traditionally, checks were written for much smaller amounts. Perhaps $200 at the grocery store, $100 at the restaurants, $50 at other merchants. Many business would black list those that wrote bad ...


134

The insurance company issued the check. I'd contact the insurance company to have the current check voided and a new one issued to the pharmacy.


105

When this happens, your bank should give you your money back. Your bank will then recover the money from the bank that accepted the check, and that bank will then attempt to recover the money from whoever gave them the check. You have found yourself on the other end of the usual counterfeit check scam. In this case, the counterfeit check that they gave to ...


104

Your obligation wasn't to write a check...it was to pay your landlord. And you haven't actually paid until money has gone from you to the landlord. So you're still obligated to pay. (You might not have to write another check. Any method of payment the landlord accepts will work. But if they will only accept a check, then check it is.)


89

In a comment you said, I'm not suggesting scratching anything. I don't know how banks talk to each other, but presumably my bank would just tell the other bank to please send over $800. And if they want it in pennies they'll say pennies. If you know how banks talk to each other and you know they have no way to handle this simple issue, you can answer that ...


80

A purchase order is just a document essentially equivalent to a seller facing invoice; where an invoice is the buyer facing piece of transaction documentation. When you fill your cart at Amazon, your submitted cart is your purchase order. Amazon processes your purchase order and issues you an invoice. Payment method is separate from this documentation but ...


67

The best method would be to contact the check cashing place, and have them stop processing. Whether or not that's possible depends on the actual company you used. Talking to the company that you got the loan from will also probably work, and will usually involve you giving the full value of the check back. (That's including whatever the check cashing place ...


65

The norm for disposing of old checks is destroying them, if you really wanted a non-shredder option you could cut a significant portion off and just burn those, or dispose of larger pieces at separate times/locations. However, with a name change you can typically just keep using them. Sign your new name. The name/address portion at the top is mostly a ...


62

In the UK, in the 1980s, if you wrote a cheque to the seller of an item and didn't have the money in your account, the bank would bounce the cheque (and charge you a fee) but the seller would have lost their money and their item. To give slightly more protection to the seller we had the concept of a "cheque guarantee card" - which looked like an ATM card (...


60

If it were me, I would get a new checking account at potentially a new bank, but certainly with a new account number. As Nathan said, there is no need for you to cross her name off the check, but potentially, she could use those checks, or have new checks printed to use. Having her name on the check makes it seem like she is a legitimate signer on the ...


58

I'm going to go out on a limb here, and say, based on the facts you presented, that the letter didn't come from your landlord, and someone else is trying to scam you! Here's why: As you pointed out, you have proof that all of the checks were deposited, and your bank can verify it. After the first month your landlord would have contacted you if you hadn't ...


55

Is it normal that rent cannot be paid using electronic methods such as a credit/debit card, or a bank transfer, or Paypal, or anything electronic? It's fairly common, especially with smaller companies/independent landlords. Many of the other more convenient payment methods carry transaction/merchant fees, and many landlords don't have the kind of ...


54

Return the check, and take back the receipt (so the other guy can't come back later, present the receipt and demand money back) for the check payment. Issue him a new receipt for cash. Note on your copy of the old receipt what happened, and the new receipt number so that anyone looking at the old receipt knows what happened, and where to look for the new ...


52

Is it ok throw away my unused checks? No. If you feel that you want to get rid of them. You should destroy them. Put them through a shredder. Burn them. But don't throw them away. If they aren't destroyed then somebody could use them to empty your bank account. Will my bank complain if in a few years I ask for a few more checks and they realize that I didn'...


50

This is likely a setup for some standard type of fraud. For example, Advance Fee: "you'll need to pay us to cover the cost of a background check on you" or overpayment scam. Or they want bank details and addresses for identity fraud. Possibly, they may later tell him he has been doing something illegal, and threaten to call the police on him if he says ...


47

It was also common to call the bank and ask if funds were available. It was legitimate to call the number printed on the front of the check and say, "Hi, I have this check for $300 from Artem, account number 1139391874. Is it good?" The bank would either verify funds or say that no, that check would bounce.


47

No this can't be done. You can either cash the cheque for the amount written or not cash it. Writing a different amount on your ATM deposit will be noticed and corrected, just like it would if you wrote too high an amount. If you don't want the full amount then write a cheque for the difference and send it back. Or give it to a charity. If this isn't ...


46

This type of situation is all about initiative. If you contact them first, it looks like an honest error you caught. If they discover it and contact you first, then it looks like you tried to get away with something and they caught you. Of course, in the latter case, you will protest that it was an honest mistake, but that just sounds like you're saying ...


45

Use them to make papier mache. Place them in a bucket of water, let them sit for a while, stirring/mashing occasionally, until they become a pulp. Then either discard the mess, or use it creatively: https://en.wikipedia.org/wiki/Papier-m%C3%A2ch%C3%A9


43

Yes, you are still obligated to pay the rent. I don't know Canadian law, but in the US, your obligation to pay a debt is generally relieved when control of the money passes to the other person. In a simple case, suppose you paid the landlord with cash. If you gave him the cash, and then as he was on his way to the bank to deposit it, or on his way to the ...


43

The receipt is irrelevant. It only means that you acknowledge that you were given a check, not that the check was any good. Since you have not yet started the work, I recommend that, if you have something more productive to work on, you simply return the check and drop the client. It is clear that this client will be a struggle to work with, even if he ...


42

My guess is that they will say "Oh no, you destroyed the check for $1000 that was in there that wasn't meant to be destroyed, now you have to pay us back that $1000". However, honestly, it doesn't matter how it works. It's clear it is a scam - this is not a normal thing that people do as their job. He should walk away and cut off all contact, ignoring any ...


40

Without a signature, there's not even a hint that your son meant to authorize the check. The possibilities for fraud are endless. That's why it requires his signature. (I seriously doubt whether the bank would accept it.)


39

You really shouldn’t be crossing anything out on a check. Banks will generally not accept a check with words or numbers crossed out. Instead, if you make a mistake writing a check you can void the check by writing “VOID” in big letters across the check, and write a new one.


39

Is it normal that rent cannot be paid using electronic methods such as a credit/debit card, or a bank transfer, or Paypal, or anything electronic? It's highly dependent on the landlord/property manager. Can checks be obtained without going into a physical bank? Yes: online bill payment. (I configured my online bill payment service to automatically snail ...


38

The basic criterion is that a forger can not change the amount by adding to what is already written. So if someone (including an unscrupulous bank employee!) could change "four hundred and fifty" to "four hundred and fifty thousand" the check should be declared invalid. FWIW in the UK, the convention was to write "only" after an ...


37

This answer is based on my understanding of the US banking system. We have check cashing businesses here too, which are just like what you describe, except for the spelling :-) Let's consider what "cash it for free at the bank" really means, and why it might not be an option for everyone. One key issue is "which bank?" As an example, suppose that I have ...


37

Why on earth did you only consider burning them inside your apartment? Go outside and find somewhere without many people. Could be a park, side of the road somewhere, even an alleyway if you can't easily get out of the city. (Improved idea from Geobits: if you're worried about lighting a fire just anywhere, or if there are local rules about it, many parks ...


36

If your business operates on a cash basis (and it probably does), then income is governed by a doctrine known as constructive receipt. From IRS Pub 538: Constructive receipt. Income is constructively received when an amount is credited to your account or made available to you without restriction. You do not need to have possession of it. If you authorize ...


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