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#2280380 - 01/27/23 02:50 PM Forged checks
MPBSA Offline
New Poster
Joined: Jun 2022
Posts: 11
One of our customers had someone still his bank account information and crated checks that we cashed at our bank. The signature was identical and we had no way of knowing they were forged items. What is the banks liability here and if we do have to reimburse the customer how long do we have to do that?

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Operations Compliance
#2280385 - 01/27/23 03:08 PM Re: Forged checks MPBSA
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 81,310
Galveston, TX
The bank has full responsibility for cashing forged checks.
The opinions expressed here should not be construed to be those of my employer:

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#2280389 - 01/27/23 03:43 PM Re: Forged checks MPBSA
BrianC Offline
Power Poster
Joined: Nov 2004
Posts: 6,508
Any limitation on how far back you have to go will be found in your state's Uniform Commercial Code and your deposit agreement. If youy aren'y sure you should ask your legal counsel to review.
Sola Gratia, Sola Fides, Sola Scriptura, Solus Christus, Soli Deo Gloria!

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