08/21/2022
We are trying to determine if there is any best practices for fraud loss collections. Should we file a police report to try and receive restitution on a fraud loss ($646) versus use a collection agency? This is a fraud loss related to bad checks deposited into a checking account that were charged back.
10/18/2020
A client has a check made out to his trust. He endorsed it to himself and deposited it into his personal account. He has more than sufficient cash and credit to support the amount if a bad endorsement was claimed and we have no issue giving him credit. Are we at any increased risk by depositing that check?
12/31/2017
Can you use a border crossing card to cash a check?
08/09/2015
I've seen lots of discussion about forgeries discovered weeks or months afterwards. This one is at the other end of the spectrum. Stolen check with forged drawer signature is deposited at depositary bank on Thursday morning. Customer gets e-mail alert on Friday morning (check triggers overdraft protection). Customer comes into the branch, we pull check image, all agree that it is an obvious forgery, and customer IDs the forger. Customer needs to leave but returns mid-day after completing forgery docs (affidavit,etc.) Customer now claims that our (drawee) bank had sufficient notice to return the check to the depositary bank by the midnight deadline or otherwise take action to prevent the loss. The forger withdrew the proceeds from the depositary bank on Monday. Does the customer have a valid argument? Currently trying to determine if the ball got dropped at the branch level. (side note, not part of this question-- we think the customer was careless with his checkbook-- our defense.) The check was well over the $2,500 threshold.
07/19/2015
I am looking for a good example of why we don't cash checks made to the bank. We require it payable to cash or to themselves.
01/20/2014
Can a check made payable to an individual or business be cashed?
07/20/2004
A credit union in Utah is offering its members check cashing at its automated teller machines.
07/20/2004
07/20/2004
The bank in Saginaw, Michigan evidently had a 'no non-customer cashing policy', and when the 35 year old man tried to cash a check payable to him, they refused.
01/05/2004
Currently my bank will cash a government check...both federal or state, for non-customers. We have lost a considerable amount of money by providing this service. My questions: (1) Is there a requirement that we cash government checks for non-customers? (2) When a customer opens an account for the purpose of having an account in which to deposit a government check, can we require that the check be set up on direct deposit? Customers will open an account, deposit the check, cash the check and then close the account. If the deposit was made directly from the government we would waste far less time and money opening accounts for one day.
