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 in Personal Banking
The simple answer is no. Each bank has its own requirements and restrictions on cashing checks. However, there are a lot of options for cashing checks.Full Answer >
While there is no way to cash a check online through Bank of America, the bank does state that there is an option to deposit a check via Mobile Check Deposit. To do this, customers must have a smartphone or tablet and the Bank of America Mobile Banking App.Full Answer >
Cashing a check without a bank account may be accomplished by visiting the check-issuing bank, a grocery store or a check-cashing institution. Another option is to sign the check over to a friend or family member, although this practice is not always accepted by financial institutions.Full Answer >
The specific method of checking a bank balance online varies from bank to bank, but the components for this task are similar with most financial institutions. First, log on to your bank's website. A great way to get the web address is to call your local branch.Full Answer >