11/13/2022
What are examples of “must pay” items that a bank may subtract from an account’s available balance?
07/17/2022
Can someone tell me if a bank still has to obtain a original wet signature on a affidavit of check fraud or can it be a signature that we obtained via fax, email, or DocuSign?
06/26/2022
It it allowed that a customer who is a trustee on a family trust account, may deposit checks that are made payable to that customer's business into the trust account?
06/05/2022
Can the maker of a check cash it for the payee by endorsing the back?
Example:
* Payee: Donald Duck,
* Maker: Peter Pan
Peter Pan comes to the bank on behalf of Donald Duck. Peter endorses the back of the check. Donald Duck has not endorsed the check. Peter is the maker only of the item. Can we give Peter the cash?
05/22/2022
We have a customer who pays a company, that company processed the check as ACH and days later deposits the actual check. In this case are we able to return the actual check that cleared secondarily as duplicate item within the 45 or 60 days from statement date?
01/30/2022
Under what legal authority could we as the depository bank seek to recover a check timely returned by the "midnight deadline" when multiple prior checks were not timely returned by the "midnight deadline"?
01/02/2022
May any account owner sign a stop payment order even if that person is not the one who initiated the item?
09/19/2021
I am wondering if it is against regulations to place a 10-day hold on a check? I always thought we couldn't go past 9 days. Please refresh my memory!
07/25/2021
I was wondering if you could point me in the right direction as to where to find more information on compliance for paper checks? Whenever I place a stop payment on a paper check, there's a disclosure that says "this request will expire in 6 months in order to comply with regulatory requirements." For the customers who ask for a more in-depth answer, what can I tell them?
07/18/2021
Mutilating the MICR line of a check doesn't help in the Check 21 environment. So what do we do to prevent a stopped check from being presented again?