If you make a check out to Cash and you place a stop payment on it. What if the person cashes the check at a liquor store or a check cashing place in turn the liquor store deposits the check for payment and the bank returns it to the store as a STOP PAYMENT check. Who is responsible for the money that that liquor store lost?
2007-03-30 09:54:35 · 5 answers · asked by Chuya 3 in Business & Finance ➔ Other - Business & Finance
If you call your bank to stop a check, you are liable for the check stop fee, this usually is about $20.00.
As far as you writing a check for cash and you loose this check, you are liable for the first 50.00 until the investigation is over; as to determine if you were negligent or dishonest about the entire episode.
If found guilty you will pay.
Hope this helps.
2007-03-30 10:07:50 · answer #1 · answered by DVP 2 · 0⤊ 0⤋
This is to correct the two previous answers. A check for any amount written to Cash can be cashed by anyone anywhere. This is a dangerous practice.
2007-04-06 19:25:07 · answer #2 · answered by Jan C 7 · 0⤊ 0⤋
I think you can only write a check out to Cash for yourself, so that wouldn't happen.
2007-03-30 17:02:18 · answer #3 · answered by akc1106 4 · 0⤊ 0⤋
I'm not 100% sure, but they'd probably contact your bank...it's' not something I'd try..........I know my bank charges 29.00 for a stop pay fee........plus you might have to pay the $ back for the amount of the check............be careful...........
2007-03-30 17:04:25 · answer #4 · answered by nemofish 4 · 0⤊ 0⤋
in the laws eyes, sorry for your luck, but you will most likely be the responsible party
2007-04-07 14:14:58 · answer #5 · answered by dent 1 · 0⤊ 0⤋