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#2105992 - 11/04/16 02:29 PM Government funds/cash items?
Bottle Caps Offline
New Poster
Joined: Jan 2016
Posts: 10
We recently had a woman cash a few bad checks at our bank that added up to a relatively substantial amount. She gets SSI and SSDI at the beginning of the month. We were wondering if the bank is allowed to take her SSI and/or SSDI to cover the checks in cash items? Our compliance officer has yet to find a straight answer on this regarding it.

It's kind of a moot point, as she did pick the checks up the other day, but it would be nice to know for future reference whether this is allowed or not.

Thanks in advance! smile
Last edited by Bottle Caps; 11/04/16 02:35 PM.
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"Some of the most wonderful people are the ones who don't fit into boxes." -Tori Amos
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Deposits and Payments
#2105996 - 11/04/16 02:48 PM Re: Government funds/cash items? Bottle Caps
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Straight answer: No.
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#2106007 - 11/04/16 03:16 PM Re: Government funds/cash items? Bottle Caps
Bottle Caps Offline
New Poster
Joined: Jan 2016
Posts: 10
Thank you, Ken! smile
_________________________
"Some of the most wonderful people are the ones who don't fit into boxes." -Tori Amos
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Opinions are my own.

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