Misspelled last name on a check

**Sirrahsim** · 03-28-2007, 09:28 PM

I opened up an account today but their computer system was down so I couldn't even try to cash the check. I'm heading back out there tomorrow afternoon.

**Daisy and Delilah** · 03-28-2007, 10:01 PM

Good luck!!

**Freedom** · 03-29-2007, 08:33 AM

Should work fine. let us know!!

**Sirrahsim** · 03-29-2007, 01:25 PM

They took the check no problem but suggested that I not spend it until I'm sure that it went through.... I don't know what that means but I guess I'll hold off a week or so before I get our grill.

**Craftlady** · 03-29-2007, 01:36 PM

Originally Posted by Sirrahsim

They took the check no problem but suggested that I not spend it until I'm sure that it went through.... I don't know what that means but I guess I'll hold off a week or so before I get our grill.

Probably want to make sure it clears ok, way it was made out etc.

**Edwina's Secretary** · 03-29-2007, 01:40 PM

Both my husband and I have very short simple names that get mangled all the time -- especially our last names...we just sign the back of the check..."for deposit only" and never have a problem.

Banks have the right to hold a check you deposit for a certain period of time to ensure it is valid...before letting you have the funds. It is longer for out-of-state checks.

If you set up to view your account online you can see when the funds are available in your account.

**Cinder & Smoke** · 03-29-2007, 04:40 PM

Originally Posted by Edwina's Secretary

Banks have the right to hold a check you deposit for a certain period of time
to ensure it is valid ... before letting you have the funds.
It is longer for out-of-state checks.

Typical "holding periods" are 3 BUSINESS days for "local" checks;
and 10 BUSINESS days (2 WEEKS) for "out of town" checks.

BUT - there's also usually a bit of somewhere in the "agreement"
you signed to open your account that reads something like:
"... all deposits are subject to successful collection ..."

I found that nuggett one day when the Bank sent a new, "revised & updated"
agreement for my amusement and education.
I stopped in and asked what the double-talk meant ...

"Oh, that just means if a check is later refused by the issuing bank (i.e. they won't PAY it),
MY Bank reserves their right to back whatever amount they posted to MY account -
NO TIME Limit!"

The Lord givith, and the Lord taketh away ...
but He sure ain't gonna taketh away from da BANK!