We ate at a restaurant last night, and they typed my check info into a credit card machine, I thought they were checking to see if there was money in the bank, but no money came out of my account and the cashier said thats not what they were checking?????
2006-08-24 02:40:21 · 7 answers · asked by peterpan123 3 in Business & Finance ➔ Other - Business & Finance
they were checking to make sure you weren't in the telecheck system for writing bad checks. just cause you have money in the bank doesn't mean you don't write bad checks. plus, you ever watch discovery? say you get in trouble for anything, its just another way the government can keep track off everything you do in life.
2006-08-24 02:48:54 · answer #1 · answered by towelboy70 3 · 0⤊ 0⤋
Many of the check guarantee companies have a database that flags accounts that have had bounced checks, etc.
The third party check guarantee company guarantee's the merchant payment for the check. In doing so, the machine checks to verify that the account is open and in good standing .. that your drivers license number is not related to a bunch of bounced checks.
Some do electronically withdraw from your account the next day or so, but some just verify that your info is valid and you don't have bad history related to check cashing.
2006-08-24 09:50:32 · answer #2 · answered by ValleyR 7 · 0⤊ 0⤋
They were probably checking to make sure it's a valid account, money's there and that it's not a fake check. A lot of businesses do that but no money comes out until after they deposit the check :)
2006-08-25 15:03:42 · answer #3 · answered by BevD 4 · 0⤊ 0⤋
They are verifying that you have money in your account. The business won't recieve the actual money from you until they deposit your check at the bank.
2006-08-24 09:47:22 · answer #4 · answered by stephiegal_007 2 · 0⤊ 0⤋
they were looking for the water mark and if it was a out of state check they were searching for the location of your bank. why were there no money coming out of your checking acct?you wrote the check on that acct?
2006-08-24 09:45:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋
they are checking to see if the check was reported stolen, and if the account is open, and if there is money in it, and if there is a history of bounced checks.
2006-08-24 09:49:48 · answer #6 · answered by george 2 6 · 0⤊ 0⤋
I would think they are checking that its not fraudulent.
By the way we spell it cheque
2006-08-24 09:48:21 · answer #7 · answered by megan a 2 · 0⤊ 0⤋