That depends on the bank. Some banks offer overdraft protection, meaning they cover the check and deduct the amount for the check plus a fee for the service from your account which could result in a negative balance. You should check with your bank to see if they provide this service to you.
To clarify, I owe money at US Bank for a defaulted credit card with them. I have a TCF checking account. If I try to deposit a check made payable to me, and that check happens to be a US Bank check, can US Bank seize the check made payable to me even if I deposit it into my TCF checking account? Not sure if they will see that US Bank funds are made payable to me from someone else's account. Any insight would help! Thanks!
cashiers check
Bank Draft mean a check drawn by a bank on its own funds in another bank.
If you receive a check that is stamped with "uncollected funds" or "insufficient funds," it means there was not enough money in your account to pay the amount the check was written for and the bank will not honor your check. Likely, you will be charged a bounced check fee that varies according to your bank's policies.
You can cash a check at a different bank if the check was drawn on that bank. Some banks will cash a check drawn on a different bank but funds will not be available right away. They will wait for the check to clear.
To clarify, I owe money at US Bank for a defaulted credit card with them. I have a TCF checking account. If I try to deposit a check made payable to me, and that check happens to be a US Bank check, can US Bank seize the check made payable to me even if I deposit it into my TCF checking account? Not sure if they will see that US Bank funds are made payable to me from someone else's account. Any insight would help! Thanks!
Only the bank can certify a check, or someone at the bank. Usually, the bank will not certify a personal check, they will issue what is called a "certified check". A certified check is guaranteed to have available funds by the bank that certifies it. Certified means the funds are held aside. Anyone with a certified check made out to them can go to that bank and collect cash. In days of banking past, you could have a personal or business check certified by the bank, and they would stamp the check "certified" and hold the funds aside on that item. Now, the bank will just issue a certified check after taking the money from your account and the certified check will be drawn on the bank's account. This answer is for the U.S. banking system.
Yes, just call the bank of issue, tell the to verify funds for the amount of the check. I do this all the time.
cashiers check
Below is how banks process a check:Customer A deposits check into his bank account with Bank ABank A accepts the check and sends a request to the check issuing bank, Bank B with details of the check and amountBank B receives the check details and checks if the account linked to the check has enough funds to honor the check and also to see if the signature on the check matches the account holders signatureIf the sign matches and funds are available, Bank B Transfers the check amount into Bank A's account with Bank B and sends an intimation to Bank AOnce Bank A receives funds into its account, it transfers the funds into Customer A's accountSimilarly Bank A would have an account for Bank B to credit funds for checks issued by its customers to customers of Bank B.
Call the bank it's drawn against and ask if there are sufficient funds to cover it. It may still bounce if those funds are withdrawn before the check is actually deposited and processed.
Call the Bank that issued the check.
Bank Draft mean a check drawn by a bank on its own funds in another bank.
To make sure the check will clear (that the account has enough funds) the out of state bank before they release the funds for you to use.
A certified check passes through certification process of the bank to verify that there are adequate funds to pay the check while a cashier's check is drawn by the bank against it's own funds
A certified check passes through certification process of the bank to verify that there are adequate funds to pay the check while a cashier's check is drawn by the bank against it's own funds
If you receive a check that is stamped with "uncollected funds" or "insufficient funds," it means there was not enough money in your account to pay the amount the check was written for and the bank will not honor your check. Likely, you will be charged a bounced check fee that varies according to your bank's policies.