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#682696 - 02/08/07 03:45 PM To cash or not to cash
QueenBB Offline
100 Club
Joined: Jan 2006
Posts: 190
TX
Mom and 2 kids (16 & 17) all have separate savings accounts at the Texas bank. Mom comes in with a payroll check for each of the two kids. Can she cash those checks (no endorsement from the kids) because they are minors?

She says the kids would just spend the money and she will give them "some" of it to spend and save the rest for them. "The counselor says she needs to exhibit tough love to them".

Yeah, right!!!

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#682798 - 02/08/07 04:33 PM Re: To cash or not to cash QueenBB
QueenBB Offline
100 Club
Joined: Jan 2006
Posts: 190
TX
Bump! Somebody. . . . .Anybody. . . .



HELP!

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#683020 - 02/08/07 06:15 PM Re: To cash or not to cash QueenBB
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
She cannot legally endorse these checks. They are not hers to cash.
_________________________
David Dickinson
http://www.bankerscompliance.com

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