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If you write a check to a payee and stop payment on the check due to work not complete and a check cashing office cashs the check with out verification of funds are you held responsible?
Wiki User
∙ 15y ago
If you give your bank written notice not to honor the check then no. You must give your bank sufficient time to react along with the payee's name (who the check is to), check number, and amount. They may charge you for this transaction.
If your bank cashes the check anyway, then contact your bank.
Why you stop payment does not matter. The reason will be between you and the payee and does not involve your bank.
BUT, remember, if you have written a check then you are responsible for that amount. If you discover the work is not complete, is shoddy, or whatever, then you must go after the other party in other ways. Writing a check is an agreement to pay someone. If you stop payment then they can go after you and charge extra fees in the process.
Wiki User
∙ 15y ago
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If check cashed at check cashing service is returned who is responsible?
The payee (person who received the money from the check cashing service) is responsible to the check cashing service for the bad check. They must repay the money and any fees associated with the check return. However, the maker (person who wrote the check originally) is responsible to the payee for providing an alternate form of payment for the amount of the check, and may also be liable for any fees associated with the check's return that the payee had to pay to the check cashing service. So, in short: The person who received the money from the check cashing service repays the service The person who originally issued/wrote the bad check is still responsible for paying the person to whom he gave the bad check.
Is a cash checking business such as Ace Cash Express exempt from stop payment checks?
Check cashing business are not exempt from stop payment orders. If the order has been given before the check is cashed, they cannot complete the transaction.
What if you stop payment on a check due to the payee saying he lost the check but he cashed the check at a check cashing business after you stopped payment on the check what happens?
The check cashing business will be unable to recover the funds from your bank.
Who is liable for payment on a counterfeit money order after whichg it has been cashed and or deposited?
It is almost impossible to track a cashed money order unless the person who cashed it has taken complete personal information of the person who got it cashed. If the information is available, the person who got it cashed would definitely be responsible for all the charges. And if the person who cashed it did not get all the information, then he/she should be responsible for cashing the money order.
Responsible for payment?
The Accounts Payable clerk is responsible for providing payment on an account.
What is the party called responsible for payment an obligation?
The debtor is the party responsible for payment obligation on an account.
How do you set up a payment center for utility and money orders and cashing checks?
I was curious about this operation. Please post information about it. How can I start my own buisness of utility and payment center.
What would my mortgage payment be on a 650,000.oo no income verification loan?
over 4000 a month
Who is the chairman of the international payment verification department at the absa bank Johannesburg?
He is Dr. J. D. Miminale
Is an uncashed homeowners claims payment still valid after the property is sold?
Yes. The claim payment was compensation for a covered loss that occurred while you were still the owner. So there is no problem with you cashing the check.
What if you co-sign for a daughters car loan?
Then you are responsible for the payment if she misses a payment.
DoD policy allows for GPC Billing Statement certification prior to verification that all items submitted for payment have been received?
Avoid prompt payment interestDecrease penalities for faulty disputesAllow for maximum rebates
