I went to the bank to cash a 3,000$ dollar check into my account and the teller wouldnt let me, this happen...

Question

to you ever?? She had to phone the company or something before she let me deposit it. This ever happen to you guys?

Answer 1

yes they can.. and they should... they want to make sure the check is real and good.... PLUS.... if you dont have the money in your account to cover it, they have the right to refuse to cash it PERIOD... and only take it as a deposit with a 5 day or longer hold on the funds....

Answer 2

I work at a credit union and I would have questioned the check if you didn't have as least $3000 on deposit. What the teller was probably doing was either calling the bank the check was drawn on or okaying it with her supervisor to deposit a check for that amount without a hold. I wouldn't say the teller was being overly cautious, that's what we are suppose to do. We just want to protect the customer/member from having the check get returned and then owing the financial a large amount of money.

Answer 3

Use another account number on the back of the checks. Maybe a savings account that has enough funds in it to cover the check. Get cash back then deposit it where you want it. If you don't have enough money to cover the checks in any of your accounts, they are going to put a hold on the money until it clears regardless of what you say to the teller. YES, I do understand what you are saying. But if you don't have money in an account to cover the checks in the first place, they aren't going to give you cash, no matter how many times you go through the line. If you really need the cash, go to the bank they are from. They may charge you a small fee to cash them, but they can see immediately if the funds are available in the account you are drawing from. As far as going through the line several times, I don't. I just hand them back the cash with the deposit slip. I don't need to say anything, the slip says what I want done.

Answer 4

its pretty common, there are some company's whose checks have to be called in in order to become "offical" others who's checks can only be cashed 1 day after the date on the check just depends on the company and their relationship with the payroll service and or the bank itself

also there could have been some sort of warning on the business account that pops up on the teller screen forcing them to call either the company or their back office to make sure its ok, like a fraud warning for example

at least thats the more common situations that i've run into in my career

Answer 5

No. Not on a deposit. Seems the teller was being overly cautious. Maybe she got stung recently. But, like I say, deposits can be scrutinized after the fact. Now, if you were requesting cash back on the check they won't usually comply unless you have the amount already covered in your account.

Answer 6

It sounds to me like the company that issued the check has put out a fraud alert on their account. When this happens, banks won't accept any check from the company without verification. It is also possible that the bank has receive counterfeit checks claiming to be from the company.

Answer 7

If you were cashing the check most banks want you to have matching funds. If you were depositing the check then you shouldn't have had an issue, unless the check looked suspicious.

Answer 8

It would depend on how much of it you want to have in Cash. If the amount of Cash you want exceeds your account balance, then they would want to make sure the check is good.

If the check is not good, your account has to be able to "pay back" the money.

Answer 9

yes several times -- the check was not on their bank and they was just checking to see if it was good on not == these steps are for your protection and sorry if you felt in-convented by it!!!