If You Cash A Check At A Check Cashing Store Not Bank Do They Keep The Name Of Payee

How can you cash a check on Bank of America?

If the check is written on an account at the Bank of America they will cash the check but you need to have a good photo ID and if anything is questionable they may hold the check for a period to make sure it clears but the odds are they will just cash it.If the check is written on a different bank but you have an account at the Bank of America they also will cash the check. If you don’t have an equal amount of cash in your account they will possibly hold the check for 24–72 hours before giving you the cash. If your account has more than that in the account you would most likely be able to get the cash immediately.If the check is not written on the Bank of America and you don’t have an account there then they will most likely not cash the check.

Can you cash a check that only has your initials and last name?

Hi, If someone paid me with a check and it only has my first and middle initial, and my last name, will the bank still cash it? So on the check it''s like Payable to: M S Smith.


How can I cash a check that is not in my name?

Depending on where you are , the local banking / anti fraud legislation and who the check is made out to: It may be possible to "endorse the cheque" to your accounts name.When my parents ran their own business, they would use different trading names depending on the product they were selling. If they were selling childcare centre equipment they would use a trading name that matched that industry, if they were selling craft kits for schools, they'd use a different trading name. All of these trading names were registered to their business (X trading as Y, X trading as Z, etc.). They only had one business bank account.So whenever a cheque can in, whoever was checking our mail box had to take the cheques to the bank and write on the back of them "Pay to X trading as Y" and sign it (as a duly appointed company representative). Where X was the account name and Y was the payee on the cheque.if the cheque has be "crossed" this may not be possible.If the cheque is made out to a person and not a business, this may not be possible.Ask your bank manger.Not all tellers are aware of this procedure.I once tried to deposit a tax return cheque into my partners account (different bank) so I could pay down her credit card debt. I was trying to avoid spending another half hour in a bank queue, having to withdraw the cash from an account with a limited number of free monthly withdrawals and get this sorted that day (I get one rostered day off per fortnight).I approached the teller, explained the situation and asked what the procedure was at this bank so I didn't risk invalidating the cheque before I found out if this was possible here.The teller asked for my drivers licence, photocopied it and the cheque then handed them back to me, said "no" and jumped back from the window as if she expected me to try and hurt her. (I am tall and was wearing a leather jacket. Apparently, this scares some middle aged women.)Rather than ask me or her manager about it, the silly fool assumed I was trying to defraud the bank and refused to do business with me.

I stopped payment on a check, but the check was cashed anyway at a check cashing place. Now the store is coming after me for the money, rather than the person who cashed it. Do I have any recourse?

It varies from state to state, but you need to get a hold of the bank’s policy on stop-payment notices, and see if you are within the valid time window. If you are,then you can appeal to the bank, it is not your fault. Otherwise you need to make it hard on the check-caching place via the bank. Start out being nice and see if the bank will help you with this. If not, seek out some arbitration from a community legal help service. They exist to help people get through stuff like this. Banks and local businesses don’t like getting their reputations dragged through the mud by consumer protection agencies, and so will usually accede to any valid sane arbitrated settlements. Check-cashing places are not particularly friendly places when they lose money, and often are ethically in the sewer until they are challenged by authority. So get some authority on your side. They don’t want the bank to refuse to do business with them and they don’t want consumer watchdogs singling them out for bad business practices. Perhaps go to the local newspaper and talk to a reporter. Bad press sometimes gets consumers relief faster than legal proceedings, and you are most likely not the first person this has happened to with these scammers.

Can I cash in a savings bond at a check cashing place?

You really need to take this to a bank.
They may charge you a couple of dollars if you don't have an account with them.
A check cashing place may flat out lie to you in telling you what the savings bond is really worth.

Can you cash a check that has your name and surname the wrong way around?

When the banker is in a position to make payment of any cheque payable to bearer, he need not bother about the name, surname, first name or last nameHe obtains the cheque from the holder of the cheque and gets his acknowledgment on the backside of the cheque and as a safety measure obtains the mobile number and makes payment. He will never verify the spelling mistake in the name or anything elseHe is protected by lawThe banker can pay the amount to anybody who holds the cheque for the time being when the cheque is payable to bearerIn the case of order cheque, he has to find out the identity of the person and now he has to verify the name as mentioned in the payee’s column and the identity proof provided by him to the banker.The banker will not mind about small corrections/changes in the chequeEvery banker has to take calculative risk while passing each cheque

Can you cash in a check with a different name on it?

If the "different name" is another person, then they can endorse the check, and then write that it is payable to you.  Then you can cash it.  Most banks will not require that "third party checks" be deposited, and the funds held for a few days.If the "different name" refers to you, (for example, an alias, maiden name or DBA name) then legally, you can cash it.  However, most banks would not accept a check for other than the name on record.  In that case, you could endorse the check with the "different name", make it payable to your regular name, and then cash it.  (Obviously, if you do this when "different name" is not you, then it would be fraud).

Cashing a large check, how to get around the IRS?

ANY cash transaction of $10,000 or more automatically triggers a Cash Transaction Report. It does not matter where you cash the check. The same applies to aggregate transactions that exceed that amount over a "short period of time." The aggregate rules are what got Eliot Spitzer, former governor of New York, busted in the prostitution scandal a couple of years ago.

On the other hand, if you deposit a check in your bank that is drawn on the account of the payee (i.e it's not a counter draft, bank draft, money order, cashier's check, etc.) then no Cash Transaction Report will need to be filed. However this could (and probably would) trigger a Suspicious Activity Report since such a large deposit clearly departs from your normal banking practices. No specific dollar amount is involved in a SAR and I've seen SARs triggered for a few hundred dollars when the pattern of activity looked suspicious.

The bottom line is that there is probably no way to "hide" this from the authorities. Assuming that it's legit (income declared, taxes paid, not illegal activity, etc.) then you have nothing to fear from the CTRs or SARs. However if you are up to something illegal it might be best to just look at it longingly and imagine what you might have been able to do with the money since any attempt to negotiate it will start the wheels turning against you.