so iam negative $5,000.00 because i cashed a check and i had to wait a couple of days because the ckeck was too big too cash and get the money right there and then.....and when i went to the bank and got the money the day i could they gave me a couples thousand and then later i took out more.......and then they are saying the check didnt clear.......and now the bank is saying that if i dont put it back in the positive there going to investigate.....what exactually will they do
2006-11-17 01:53:51 · 11 answers · asked by Adam S 1 in Business & Finance ➔ Personal Finance
they will investigate, you should put that money in the bank. What they see is you getting free money.
2006-11-17 01:59:06 · answer #1 · answered by xstraight_edge_emo_kidx 3 · 1⤊ 0⤋
They should of not let your cash the check until it clears. In State take 3 to 5 days. Out of State take 5 to 7 days or more. It not fraud to keep the money. Especially if you already spent it. Some time if you talk to the bank and explain who wrote the check. They will go after them for the money and not you. Unless it is a stop payment. Then you have to sue the person who wrote the check.
2006-11-17 21:57:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Investigate, and hope that you pay them the money if the check didnt clear. If you dont pay the bank will eventually put the account in collections, but they cant do anything to you with the police yet, it may take a month or so if they decide to press the issue and go to the police, but ultimatley they were the ones that gave you the money and trusted your g??d faith!! Relax your cool....for now!
2006-11-17 10:07:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
who was the 5000 check from? if an outside source (other than friends, family, yourself) then it should be fine. however if htey investigate and find out that you conspired to cash a check and take the money straight out then you will be in trouble. although, i thought that when the money was put in your account the check had cleared and was good. but they are only wanted to investigate bc it looks suspicious that you deposited and took the money right back out. if the check is from an outside source and u are cleared in whatever investigation they are doing then they will go after the person/company that wrote the check
2006-11-17 10:08:07 · answer #4 · answered by jenivive 6 · 1⤊ 0⤋
Who wrote the check? If you wrote the check, they can call the police for writing a check fraudulently. If somebody else wrote the check, they could freeze your account until you put the money back in.
2006-11-17 10:01:57 · answer #5 · answered by spot 5 · 0⤊ 0⤋
cashing a bad check is concidered money laundering and is a felony as well as a federal crime. the investigation will have the FBI involved.
Are you sure that you do not want to make restitution now before your whole life is in the tolet.
2006-11-17 10:02:26 · answer #6 · answered by Anonymous · 2⤊ 1⤋
Why are some people such scum in this world? Why do people think they can get away with such stupid ideas?
If the money wasn't good and truly yours - Be Honest - give the money back.
2006-11-17 12:35:35 · answer #7 · answered by Cheryl S 2 · 0⤊ 1⤋
Who was the check from?
2006-11-17 10:00:47 · answer #8 · answered by Heather M 2 · 0⤊ 0⤋
considered fraud, they will investigate.
put the money back and find out why the check did not clear.
do not make more trouble than you need.
2006-11-17 10:19:07 · answer #9 · answered by nwnativeprincess 6 · 0⤊ 1⤋
was it a scam check?
2006-11-17 09:59:45 · answer #10 · answered by Anonymous · 0⤊ 0⤋