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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.
What else can I help you with?
Is cashing a check traceable?
Yes, cashing a check is traceable because the transaction leaves a record of who cashed the check and when it was cashed.
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.
Where do money orders go after they are cashed?
After a money order is cashed, it typically goes to the financial institution or cashing service that processed the transaction. The institution keeps a record of the transaction for accounting and fraud prevention purposes. The funds are then transferred from the issuer's account to the cashing entity, completing the payment process. Eventually, the money order itself is archived or destroyed, depending on the policies of the cashing entity.
Where can check cashing services be found?
Check cashing services can be found at banks or at walmart. Checks can also be cashed at Kmart.
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 much does check cashing cost?
Check cashing is usually free if the customer has an account at that bank. There is a nominal fee if the check is cashed at a different establishment.
How much cash back can you receive after cashing a check?
Depends on where cashed. Not all check cashing places charge the same percentage and banks do it for free if you are an acct holder.
A cancelled check means?
Been cashed and returned to you
What would happen if you cashed a bad check that you didn't know was bad?
You haven't explained why the check was "bad". Check cashing scams are a big problem and may result in criminal charges. The authorities will investigate the matter to determine your culpability. You will be responsible for paying back any funds you received from cashing the check.
What is teller cashed check?
It means whoever you wrote the check to cashed it inside a bank. The person cashing the check had the amount in his/her account to cover it and didn't deposit it waiting for it to clear.
How do i cash a check in Colombia S.A.?
Go to a check cashing business or Walmart. They will charge you a fee, but you will get the check cashed.
Does the account holder have to be present when writing a personal check to a person and cashing it?
The account holder does not need to be present when the check is cashed.
