Most Popular Operations Content
Written Amount of Check Left Blank
03/02/2009
If a check is presented for deposit and the written amount is left blank can it be accepted for deposit? Does the dollar amount written in number format become the legal amount?
Remote Check Created From Faxed Copy
03/02/2009
A copy of one of our checks was faxed to a business. The check was made payable to the business and the real check was authorized to be paid. Prior to receiving the actual check, the business issued a remotely created check off the information on the fax. Is this a legitimate business practice? We only realized what the business did because they did not input the correct check number. It seems they should not be able to do this when they do not have the check in their possession and for whatever reason we could choose to void or stop pay prior to mailing the check.
Trust Account Convenience Signer
03/02/2009
Can a trust account have a convenience signer?
Missing Endorsement - Liability For Loss
02/23/2009
Where does the liability for loss lie when a financial institution accepts a check for deposit with missing endorsements?
Grand Opening Drawings & Employees
02/23/2009
I know drawings must be open to the public to avoid a lottery. If the bank states that employees and their families are not eligible for the drawings, are we not really opening the drawings up to the public? Can we exclude a segment of the public?