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#2257052 - 07/22/21 02:50 PM Checks Payable to Cash
Lyndsie Burchett Offline
New Poster
Joined: Oct 2020
Posts: 5
Can anyone share their practices for accepting or declining checks that are payable to cash? Do you accept it with no regard to who issued it? Or do you require the check to be from the customer to the customer in order to accept it?

Thank you,
Lyndsie

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#2257062 - 07/22/21 03:52 PM Re: Checks Payable to Cash Lyndsie Burchett
praBSA Offline
Gold Star
Joined: Aug 2018
Posts: 328
We accept it. It is essentially cash and can be cashed by anyone.

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#2257066 - 07/22/21 04:14 PM Re: Checks Payable to Cash Lyndsie Burchett
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,629
The Country
If the signature looks good we will negotiate it for whoever holds the item.
_________________________
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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#2257211 - 07/26/21 07:04 PM Re: Checks Payable to Cash Lyndsie Burchett
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,557
Cape Cod
I do recommend requiring that it be indorsed by the holder before you cash it. It would not be required by the UCC, but if you want proof of who you cashed it for (in case there is a problem), the indorsement is best.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#2257230 - 07/26/21 10:22 PM Re: Checks Payable to Cash Lyndsie Burchett
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,629
The Country
John makes a very good point
_________________________
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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#2258957 - 08/30/21 07:49 PM Re: Checks Payable to Cash Lyndsie Burchett
Victoria S Offline
Member
Joined: Jul 2015
Posts: 94
We accept checks payable to cash with proper endorsement.

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