Requiring Name, Phone, & SSAN to Cash Check

Answered by:

Question:

Is it proper for a merchant to require a customer to give his Name, Phone Number "and" SSAN in order to cash a check?

Answer:

Answer by Randy Carey: A check casher can impose what ever requirements they would like too. They are the one taking the risk to cash the check.

Answer:

Answer by John Burnett: State law may affect what information can be required. For example, in some states, requiring the Social Security number as a condition for accepting checks in payment or for cashing may not be permitted (except when a CTR or similar report is required).

First published on BankersOnline.com 2/6/12