My account says I'm in the negative about $30.00. All I want to do is cash a$25.00 check because I need it for gas money... I know it's a small amount but if I just put it into my account I won't have any money for gas! Will they let me just get cash for the check...?
2007-01-19 05:12:03 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
No, you cannot cash a check with a negative balance. That would be borrowing money.
2007-01-19 05:27:00 · answer #1 · answered by KingGeorge 5 · 0⤊ 0⤋
Instead of focusing on trying to cash a small check consider fixing your banking situation first. I don't know if this is a checking or a savings account, but regardless it is never a good thing to be in the negative when it comes to owing money. With this in mind, borrow few dollars from friends or just remove it from your paycheck and balance your bank debt FIRST. Once done, then cash your check w/the peace of mind knowing you are in good standing with your bank. This will effect your credit report as well, so do not mess up your bank account activities.
Also since this happened once already, consider getting overdraft protection. I.e. a checking acct linked to a savings acct to prevent your negative situation. Granted it is not a fail safe option but it is certainly better than actually getting a negative balance. Good luck!
2007-01-23 13:09:17 · answer #2 · answered by momo 3 · 0⤊ 0⤋
Just because you have checks in the book doesn't mean you have money in the bank.
To cash a check on a negative balance is fraud. Could land you a trip to see the judge, a fine, and/or jail sentence. Want to risk that for $25?
Borrow the money from someone. Or, use your credit card if you have one.
2007-01-19 13:18:25 · answer #3 · answered by kiwi 7 · 0⤊ 0⤋
each bank is different. Depending on whether it is a local check or not, you can go to the bank that is on the actual check. That is where the writer's account is at and their bank will cash it. Thats what I do when my grandma gives me checks. Instead of going to my bank, I go to hers. They cash it no questions ask.
Chances are if you try to cash it at your bank, they are going to want you to apply that to the amount you owe.
2007-01-19 13:15:54 · answer #4 · answered by wunluv06 3 · 0⤊ 0⤋
Probably not... but it really all depends on the relationship you have with your bank. If you are a frequent customer and the tellers or anyone on the platform desk know you..then perhaps they will cash it for you in good faith.
I am an Assistant Manager for a large local bank...and that is what we do.
2007-01-19 21:39:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you go to your own bank they'll probably make you deposit it. If you go to the bank the check is written on, you can cash it. If it's the same bank.....you're stuck. If you're confident the check is good, sign it over to a parent or a friend to put in their own acct and give you $25.
2007-01-19 13:57:39 · answer #6 · answered by Sandy Sandals 7 · 0⤊ 0⤋
Your bank will not allow you to cash that check because you dont have enough funds to cover it in case it is no good. your best bet would be to go to a check cashing place. they will cash it for a fee, probably around $3 or so. good luck!
2007-01-19 13:17:05 · answer #7 · answered by ny2fl 2 · 0⤊ 0⤋
No, Any check you cash will be put towards the outstanding balance first. ( Unless you have a really good bank with nice people. )
2007-01-19 13:18:02 · answer #8 · answered by Williamstown 5 · 0⤊ 0⤋
Probably not, unless you try speaking with the manager and explaining your situation.
You can take it to the bank it is drawn on and cash it, but you might have to pay a fee.
2007-01-19 21:18:05 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You can cash it if you have overdraft protection.
2007-01-19 13:40:38 · answer #10 · answered by ♪ ♫Jin_Jur♫ ♥ 7 · 0⤊ 0⤋