Skip to content
Thread Options
#2232846 - 03/12/20 01:25 PM Recovering Money
Jenny Roberts Offline
100 Club
Joined: Feb 2014
Posts: 162
We have been contacted by another bank stating that a fraudulent check was deposited by one of our customers last month. We placed a hold on the check when it was deposited and the check cleared like normal. The bank it is drawn off of is now asking us about recovering any of the money with a Hold Harmless form. Does our bank have to act on this hold harmless form?

Return to Top
Deposits and Payments
#2232848 - 03/12/20 01:59 PM Re: Recovering Money Jenny Roberts
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 79,637
Galveston, TX
Have to? No. Have your legal counsel review it.
The opinions expressed here should not be construed to be those of my employer:

Return to Top

Moderator:  John Burnett