When someone stops payment on a check, their bank may charge them to do so, according to Bankrate. As of 2005, these charges ranged between $18 and $32 among the largest banks.Know More
In addition to different banks imposing different charges, the charges vary between states. For example, Bank of America customers living in Maryland pay more than those living in California. According to those working in the industry, the fees are so high because of the administrative effort that goes into finding the payment and stopping it.
In order for a stop check order to work, the customer needs to execute it in a timely manner. In addition, they must give an accurate description of the check's recipient and how much it is worth. If the customer fails to give correct information, the bank is not liable for any money paid. Customers who call their bank and issue an oral stop check order can expect it to expire after 14 days, unless they reissue the order. In contrast, customers who put the order into writing can expect it to last for 6 months. Customers who have lost the check in question should renew their order until they find it. In addition, customers who lose a check book may wish to close their account and open a new one to prevent fraudulent checks.Learn more about Personal Banking
Writing a letter to a bank requires knowing the name of the bank manager in charge of the department that handles the specific issue. Address the letter to this manager and include the correct address information for the branch. The content of the letter should include specific details about what is happening with the account and what action is desired.Full Answer >
A check payment is a mode of payment drawn against deposited funds in a bank account. It orders the bank to pay a specific amount of money on demand to an entity whose name appears on the check.Full Answer >
In addition to making payments through standard mail, Blue Cross Blue Shield of North Carolina members can make premium payments online via ACH or credit card free of charge. Once members are enrolled in Blue Connect, they simply sign in and select the "Manage Billing and Payments" tab.Full Answer >
Under certain circumstances, you can cash a check made out to someone else. The most common method used to cash a check made out to someone else is to have them sign the back of the check. The payee's signature creates a blank endorsement, allowing anyone holding the check to cash it.Full Answer >