A friend of mine received a check made out to her from a credit union. She took it in to her bank, and they held it for two weeks. When the check cleared the bank and released the funds to my friend. Later the bank called her and said that they wanted the money back. The credit union that sent the check tried to put a stop payment, "AFTER" the check cleared. What would you do???
2006-09-28 13:16:11 · 6 answers · asked by danitaandandrew 2 in Business & Finance ➔ Personal Finance
return the money, honesty is always best
2006-09-28 13:19:18 · answer #1 · answered by Hannah's Grandpa 7 · 6⤊ 0⤋
As far as I know, you can't stop payment on a check when payment has already been made. It's been paid; there's nothing to stop. The credit union would have to contact your friend and ask for the money back. Your friend should ask the credit union why they want the money back and what this is all about.
2006-09-28 13:31:12 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Legally, she's off the hook. Ethically, I'd have to know why the credit union put a stop payment on the check, and why the bank held it for two weeks.
2006-09-28 13:19:39 · answer #3 · answered by beez 7 · 1⤊ 0⤋
I would return the money. Then again I am not in this situation and don't know what I would do. Sounds crazy, don't it.
2006-09-28 13:37:54 · answer #4 · answered by mclamb63 3 · 0⤊ 0⤋
I would keep the money and tell them they had it too long anyway.
The leverage is in the money, give it up, & you have NONE !
2006-09-28 13:19:37 · answer #5 · answered by The Advocate 4 · 0⤊ 0⤋
ck with the bank that cashed it,
2006-09-28 13:20:30 · answer #6 · answered by R W 6 · 0⤊ 0⤋