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#652288 - 12/14/06 07:35 PM Financial Institution address on checks
rhiboo Offline
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Joined: Nov 2004
Posts: 17
After you stop laughing please reply.

Our corporate mailing address requires that all mail be irradiated (anthrax) prior to delivery. This can slow mail up to 3 weeks. Our customers use every possible source to find an address to mail their deposits. We believe they are now picking up the address from the front of their checks. We are planning to change that address to our PO Box but one of our staff remembers hearing somewhere that we must use a physical address. Anyone heard of this RULE....

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#653532 - 12/18/06 02:40 PM Re: Financial Institution address on checks rhiboo
Gotwood Offline
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Joined: May 2001
Posts: 715
for years we have only used the name of our bank and the city the branch is in. Never had a problem.

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#657961 - 12/27/06 08:32 PM Re: Financial Institution address on checks Gotwood
abbyauditor Offline
Member
abbyauditor
Joined: Dec 2006
Posts: 78
texas
Our bank has several branches and each branch has a PO Box. The bank name and PO Box of that branch (in which the account belongs to) is printed on the bottom of the checks. We have not had any problems with this.

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#658648 - 12/28/06 08:44 PM Re: Financial Institution address on checks abbyauditor
Anonymous
Unregistered

No bank I have worked at has had a physical address on the check, only the Bank Name

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#660142 - 01/03/07 06:46 AM Re: Financial Institution address on checks rhiboo
RayLynch Offline
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RayLynch
Joined: Oct 2003
Posts: 544
Check your state law to see if there is any applicable controlling statute. For example, California has a statute which permits banks not to print the branch address on the check. The statute also states that such checks are negotiable and payable in cash, on demand, without discount, at any place of business of the drawee bank.

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#660274 - 01/03/07 03:46 PM Re: Financial Institution address on checks RayLynch
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Take a careful look at Regulation CC, subsection 229.36(b). If you fail to include an address of your bank on checks, checks drawn on your bank may legally be presented at any branch or head office. That could mean that another bank could bring a bundle of checks to one of your branches and demand payment. It's not a practice that many banks resort to, but putting an address on the check can prevent it.
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