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Collecting for a returned cashed check

Answered by: 

Question: 
If we cash a check on another bank payable to our customer, can we charge it back to our customer’s account if it is returned unpaid?
Answer: 

Although your customer will be liable to the bank because she indorsed the check, you may not be able to charge the check back to her account unless your deposit contract says you can.
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Learn more about John Burnett’s webinar
Avoiding Check Losses

First published on 04/07/2019

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