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What is a check cashing store?
A check cashing store allows you to write a check and get cash. They will hold the check until some later date, then cash it. There is a fee added to the amount of the check for this service.
What is the meaning of banking and non banking?
Banking = holds an active account at a bank. Normally used in relation to depositing or cashing payroll checksNon-Banking = Does not hold an active or open account at a bank. Normally referred to when one is cashing payroll checks at a check cashing location.
If a payroll check cashed at a check cashing facility is NSF can the check cashing facility hold the payee liable?
Yes, the payee received the funds from the bad check and is responsible for returning those funds to the check cashing facility. The payee can then seek restitution from the maker for the funds from the check plus any fees, etc. they paid.
How long can you hold a check before cashing it?
There is no set time limit for how long you can hold a check before cashing it, but it is generally recommended to deposit or cash it within six months to a year to avoid any issues with the check becoming stale or invalid.
How long can you hold onto a check before cashing it?
There is no set time limit for how long you can hold onto a check before cashing it. However, it is generally recommended to deposit or cash a check within six months to a year to avoid any issues with the check becoming stale or invalid.
Why does HSBC charge check cashing fees for checks drawn on their bank?
They charge non-customers a fee of up to $5 for cashing their paycheck, even when the payroll account is located in the same branch you are cashing the check in. They do this because it is a source of income for them and it is not illegal. There is no one to stop them from charging this fee. Since you are a non-customer, they do not care about you. If you don't want to pay the fee, then you will have to cash your check elsewhere. To avoid the fee, they want you to become a customer, but this is a trap, since once you are a customer, you will be subject to even more fees. Also they will hold onto your money and pay you (literally) .01% interest while they charge dozens of times that interest rate when they lend your money out to other customers.
If you have a check made out to you drawn upon that branch can they charge you a fee?
If you cash a check at the bank where the account is, then it's not common to be charged a fee for cashing it. Most banks do not charge you for cashing local cheques (cheques issued in the same city even if it is a different bank) It also depends on the type of account you hold and the place from where the cheque was issued to you.
Do they check for your ID when cashing checks in cash stores?
The less information and verification you have the more they chargefor the service. Yes, all banks & stores mandate the presentation of a valid photo id by the person encashing a cheque especially if they are new and do not hold an account with the bank or any other relationship with the store.
Can an employer hold your payroll check past the pay date in Missouri?
in missouri can my employer hold my paycheck after the 15th they always say we have to wait to cash till the following mon after the 15th. is this a law?
I am looking to get a payday loan to hold me over until my next pay day. Where can I find out more information about getting one and what all do I need to obtain such a loan?
Places that do check cashing and tax services usually will have a means of getting a payday loan. Check cashing services would be your best bet however. If you're lucky, some banks might even be willing to do it.
When do you know when to replace?
When the battery will no longer hold a charge. The guys at the parts store can check it for you.
Do you hold a monthly payroll check for a new employee?
No - why would you? Your employees are entitled to compensation for hours worked, whether they've been with you twenty days or twenty years.
