Quote:
Originally Posted by Pithiny
ralok_j,
Since you have info!! I wonder why BOA has not held checks before? Specifically a payroll check that I deposit like clockwork.
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They may be experiencing a lot of NSF checks at that particular branch. It can happen that one office will suddenly experience numerous deposited items being returned.
Another red flag is that an individual will maintain an average relationship balance of $7,000, which would cover a returned check of $2,400. Suddenly, the average drops to $500 and now if that deposited item is returned there is a potential for loss. This is the most common scenario and the staff is likely trained to use their best judgment.
Quote:
Originally Posted by Pithiny
I also know how to cash unsigned checks, in fact when I owned a business and people forget to sign the payment/check, I have never sent it back to them to be signed.
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Sure. Read the terms and conditions that you receive when you open an account ( I know, most people pitch em). It states in there that the bank is not liable for any check that clears through the ACH system. I laugh when people tell me they are going to post date the check they send to the phone company. You try to talk them out of it, but they "KNOW" it can't be cashed because the girl that sat next them at the doctor's office has a cousin who was dating an attorney and he said they can't.
