There's this woman who lives in my town who's visiting out of the country and she is desperate for me to cash in her checks so he can pay off expenses like hotel, she told me that she needs $300. What should I do?
2006-10-04 10:03:17 · 11 answers · asked by thundershark 2 in Business & Finance ➔ Personal Finance
You mean cash her personal checks?
No, send her to a check cashing place.
2006-10-04 10:06:24 · answer #1 · answered by red.cancer 3 · 1⤊ 0⤋
It's hard to understand what you mean from your question. There are a few scenerios that I can see:
1 - If she is in the town with you and wants you to cash a personal check that is drawn on an account from her home country, you can do it if you trust her, but I'd wait for a while for it to clear.
2 - If she is in the town with you and someone else gave her a check and she wants to sign it over to you so you can cash it, again, you can do it if you trust her. However, a better idea would be to cash it at the bank that the account is drawn on.
3 - If she is out of the country and you are getting her mail which contains checks and she needs the money, I wouldn't see anything wrong with you depositing them into her account for her. you will not be able to just cash them if they are in her name.
Good luck!
2006-10-04 10:19:27 · answer #2 · answered by personal_finance_101 3 · 0⤊ 0⤋
DO NOT DO THIS....unless you really, really, really trust her. Basically she would go wtih you to the bank and instead of endorsing it, she'd write, "pay to_______'and your name.
However, if shes from out of the country your bank would cash it and not know for sure that it will go through on the other end. People do this as a scam-- they get cash from you and the check turns out to be bad, and it is deducted from YOUR account.
OH, wait, see I thought She was FROM out of the country and was in your town.
What you CAN do for her is go to her bank and get some blank deposit slips. Get her account number. Fill out the slip, and then take the checks, and on the back write, "For desposit only, Checking account # ___________" PUt both in an envelope and drop it in the little box either outside the bank (shouldb e marked 'depository" or in side the lobby. Then you dont have to deal with customer service.
2006-10-04 11:44:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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2016-10-18 12:06:09 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Without a power of attorney that gives you permission it would be illegal. Can she FAX you a POA? Also, do you know her well and are the checks drawn on a local bank. There are alot of scams that start like this.
2006-10-04 10:08:58 · answer #5 · answered by daoco 4 · 1⤊ 0⤋
There is nothing wrong with cashing her check's, as long as she wants you to.
It is a really nice thing to do for a Friend in need!
2006-10-04 10:08:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Why didn't she take enough Traveler's Checks with her in the first place??
Does she want you to deposit her checks (how did you get them?) in your account, then wire her the money? If so, tell her not until they clear. How do you know she's good for it?
Sounds fishy to me.
2006-10-04 10:14:01 · answer #7 · answered by Anonymous · 0⤊ 0⤋
She has to sign the check at the back and you want to be sure you trust her so she doesn't sue you or anything.
2006-10-04 10:11:46 · answer #8 · answered by reigning queen 4 · 0⤊ 0⤋
you better be carefull that she is not trying to let you cash bogus or stolen checks, if they are her own, why cant she cash them herself, ever ask yourself that question?
2006-10-04 10:18:03 · answer #9 · answered by acid tongue 7 · 0⤊ 0⤋
sounds like a scam to me
2006-10-04 10:12:57 · answer #10 · answered by waggy_33 6 · 0⤊ 0⤋