My old roommate received the deposit refund two party check from our old apartment complex on July 20. On August 1st he deposited it into his account without my signature or knowledge. Was the bank allowed to do this? It is my understanding that there has to be at least both signatures on the check. He has lied and told me that he deposited it only recently due to expiration (just asked him yesterday about it) and he doesn't know that I talked to our old apartment complex. Suggestions? I'm thinking about calling his bank and demanding who did that. I wasn't there with him, no signature, nothing. He just endorsed it on the back and they deposited it for him. This was a pretty well-known bank, too, not some little small town one, so I'm pretty angry and shocked. Thanks in advance for any advice!
2007-10-02 23:48:26 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Get a photocopy of both sides of the check from your ex-landlord and see how it was endorsed. Under the Uniform Commercial Code, the depositing bank, and all the banks that take the check from the depositing bank, are held to guarantee the genuineness of the endorsements. Then write to your state's banking commission, with a copy of that check, and ask them for help. Ideally, the depositing bank cancels the deposit and charges your roommmate for the check, and refunds the money to the landlord's bank, which credits the landlord's account. Then everyone starts over and the landord issues a new check. Tell your roommate that this is what you'll do (and he'll pay bounced check fees to his bank) unless he settles with you.
2007-10-03 00:39:35 · answer #1 · answered by AnOrdinaryGuy 5 · 2⤊ 0⤋
Most banks actually will accept a check for deposit without any endorsement at all as long as one of the names on the check is the account holder's. Also, if the check is made out to two people's names separated by the word 'OR' then only one endorsement is needed to cash or deposit the check.
2007-10-02 23:57:43 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 1⤋
If the check was written to "Jane Jones OR Susie Smith", then YES the bank could legally cash it.
If the check was written to "Jane Jones AND Susie Smith", then the check required TWO signatures.
You need to contact the apartment complex to find out which one they did.
2007-10-03 00:43:08 · answer #3 · answered by Expert8675309 7 · 1⤊ 0⤋
No, the bank cannot accept a TWO party check without both sigs and if it is not your bank they would need you present to verify your ID and sig.
Note: Banks do not like to really accept two party checks due to liability issues. Contact the bank. Also, suggest taking him to small claims to get your half of the money. Make an appt with the MANAGER of the bank...demand it.
2007-10-02 23:54:48 · answer #4 · answered by Calisofie 3 · 1⤊ 2⤋
It relies upon on the form of verify. i comprehend that for my tax return assessments from the State and Federal government, they require the signature of all of us listed on the verify (the two me and my spouse because of the fact we document joint returns). As for own assessments, in elementary terms a million signature could be mandatory.
2016-11-07 03:24:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋