I have a check for $50,000 issued to me from a life insurance company. I already decided to take it to a check cashing place despite the fees. (I don't want to discuss why I don't have a bank account). Will the check cashing business hold the check? If so, for hold long?
I spoke on the phone with the owner of one of these places. He said they may hold it for a day, or cash some of it now and give me the rest later. That doesn't seem right. Does anyone know for sure? I am in Michigan, if the laws matter.
2007-12-13
06:40:54
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8 answers
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asked by
chidordon
1
in
Law & Ethics