Will the check go thru??

Question

This might be a dumb question. Im reciving my income tax money in my checking account in about 2 days. I NEED to get a new cell phone TODAY, but wont have the $$ for it until the money hits my account in a few days. Can i just write a check out for the phone today and be safe? I know some places have " vericheck" where they can take the funds out right away, thats why im a little nervous.... think its ok??

Answer 1

Hi!
Wait and be safe. The question you need to ask is this: Is the cell phone that important to risk an overdraft fee?

Wait.

>>Oh..on the subject of depositing checks..some banks offer businesses scanners..and all they have to do is to scan the check image in..takes mere seconds.

Answer 2

The check will go through before a "few days" most likely. You've been without a cell phone until now..you can do without for a few more days!

If you're a persuasive person, you could find the friendliest sales person at the cell phone place and ask them if they'll hold a check until Monday or whenever and explain that you're waiting for your tax return.

Answer 3

If I were you I would wait. Depending on the company and their services they could take out the money right now which would bounce the check, charging you bank fees and the fees from the cell phone place. This would problaby deplete a large amount from your refund...

Answer 4

I wouldn't take the chance; all the banks in my city use images (in lieu of cancelled paper cks). Clearing is done virtually overnite, maybe faster; it tends to depend on which direction the money is "flowing".

Use a credit card; that gives you much more "float" time.

[Additionally, a bounced ck will probably detract significantly from your credit score and provoke outrageous overdraft fees. What makes a cell pho TODAY so critical??]

Answer 5

Explain to them the situation, and ask them to hold the check for you for a couple days.
They probably will.

Answer 6

Use a check cashing place, where they wioll hold your check for a week!