I have a loan check made out to me and my mother since she cosigned for me. She does not live in the same place as me so I was told to have her notarize a letter authorizing me to deposit it. I did that, but the bank is still refusing to allow me to deposit it stating she has to be there physically to verify her signature. I cannot open a joint account with her b/c she is on Primary Payment. Has anyone had a similar problem? Is there anyway to deposit/cash this check?
2006-09-09 10:58:58 · 7 answers · asked by TLC 3 in Business & Finance ➔ Personal Finance
The loan comp. was the one that said have her notarize a letter after the bank told me she needed to be there. They said they have the problem a lot and that solution works. The supervisors at the bank told the tellers not to accept the check. I called the place back asking what else I can do but and they said to open a joint acct. but I cannot and have no idea what else to do short of just cancelling the loan.
2006-09-09 11:33:37 · update #1
lttttlspitfire is wrong about the depository bank never seeing a check deposited in an ATM. I know this because I work at a bank and process ATM deposits.
Tina E said to get a Power of Attorney. The notarized letter from your mother IS a Power of Attorney. If the bank won't honor it, the words 'Power of Attorney' on the paper probably won't help.
Try talking to the manager at a different branch of the bank. if they are not helpful, move ALL of your money to another bank. If all else fails, visit your mother and have her sign the check.
2006-09-09 14:52:15 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
i have always just signed the back of the check exactly as it written and then signed underneath it with my name and havent had issues. Try talking to a manager at the bank or maybe open an account at another bank, they may be willing to be more flexible to get you as a customer, so deposit the check and may some cash, then close it out a month later
2006-09-09 11:05:58 · answer #2 · answered by ken 3 · 0⤊ 0⤋
you shouldn't have a topic, yet some banks do require the guy to be cutting-edge to make a deposit into their very own account. basically make sure you've all the necessary counsel: a million. Signed verify 2. verify and Account call are similar 3. Account determination 4. perfect monetary employer
2016-11-25 22:34:57 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Contact the maker of the check and see if they will take the check back and Direct Deposit to your account. Show them your mother's notarized permission.
2006-09-09 11:08:49 · answer #4 · answered by ed 7 · 0⤊ 0⤋
What bank was the check written from?
You can take that check to the bank written from and have it cashed they will have it on file..
If this does not help you.. Auto deposit it through the ATM. This never fails, because the origin of the bank will never see it..
2006-09-09 11:10:56 · answer #5 · answered by ~ 4 · 0⤊ 1⤋
You can get a Power of Attny from that person that will allow you to cash that check. If they won't give you the power of attny, then you will need to get their actual signature. Any other way around it would be illegal and most likely this check is not worth going to jail over!
2006-09-09 11:05:09 · answer #6 · answered by echickaboo99 2 · 0⤊ 0⤋
post to some one the other will share....if its a joint account no need to worry.
2006-09-09 11:01:24 · answer #7 · answered by Chikky D 4 · 0⤊ 0⤋