Skip to content
Thread Options
#2250651 - 03/16/21 04:34 PM Fraud Deposit-Cash App
Jenny Roberts Offline
100 Club
Joined: Feb 2014
Posts: 164
We had a situation where a customer received a fraudulent direct deposit from CASH APP and then CASH APP withdrawals were attempted but not honored. We contacted our Core processor and have not been successful in returning it to back CASH APP. It has now been over 6 months in trying to resolve this matter. What should we do with this money?

Return to Top
Deposits and Payments
#2250683 - 03/16/21 07:05 PM Re: Fraud Deposit-Cash App Jenny Roberts
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,793
Cape Cod
Check to see if the Volunteer State allows for early surrender of abandoned property. Otherwise, it looks like you'll be "holding the bag" until the normal abandoned property rules call for surrender.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  John Burnett