#1024800 - 08/21/0802:08 PMBANK OF FIRST DEPOSIT ENDORSMENT
Anonymous
Unregistered
WERE A TRUNCATED BANK AND SEND ELECTRONIC CASH LETTERS TO FED!!
MY QUESTION IS IT MANDATORY THAT OUR BANK ENDORSEMENT IS ON THE BACK OF OUR IMAGED CHECKS.
WE HAVE BEEN SENDING OUR CASH LETTERS OUT FOR TWO YEARS AND WE JUST RECIEVED A COMPLAINT FROM ANOTHER BANK.. AND THEY STATE WE NEED IT ON THERE???? THE COMPANY WE USE WHO SET UP OUR SYSTEM STATE THAT IT IS NOT REQUIRED THE CHECKS ARE IDENTIFIED THRU THE FILE WE SEND OUT?????
#1025243 - 08/21/0805:31 PMRe: BANK OF FIRST DEPOSIT ENDORSMENT Anonymous
Anonymous
Unregistered
BELIEVE IT OR NOT ITS TRUE!!!!!! MY QUESTION IS<<<<<<IS IT MANDATORY>>>>>>> NOT NEEDED.......OUR BANK IS IDENTIFIED THRU THE CASH LETTER SENT TO FED WHO ACTUALLY DISTRIBUTES THE CHECKS.......
Shoot, sorry, I keep forgetting to login. Anyway, besides the link I gave above, it is just a smart move. Ironically, I am holding a checking with a missing BOFD endorsement and I have a trace in. I would have called them in most instances to tell them this is being returned for fraudulent endorsement. Time is money...
Last edited by MikeJ; 08/21/0807:08 PM.
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