|
 |
Home >> Accounts >> Checking Accounts
Check Didn't Clear - After Seven Months?!
I cashed a check at Twin Rivers Casino in September of 2008, and thought everything had cleared properly. I just received a call from some collection agency saying the check had not been scanned properly, and therefore they never received their money, and now they want the amount of the check, account number, routing number, etc. When I cashed the check ($300) I had the funds to honor it, but now I don't. The woman stated it had just laid on someone else's desk for seven months and now was given to her to follow up. What is my obligation?
|
Untitled
|
 Make a careful review of your account to see if the check has been paid. Start with your September statement and review each statement since then. Be particularly careful to see if there's a $300 electronic check entry, since the collection agency mentioned a "scanning problem." If you are unsure of how to go about a thorough review, your bank should be able to help you.
If the check was paid, contact the collection agency and provide information about the payment, such as the date the entry was made to your account, etc. That should settle the matter, but it may not, so be prepared for the agency to challenge you. If that doesn't make the matter go away, ask your bank to write you a letter, which you can copy for the agency, attesting to the payment of the check.
If the check has not been paid, you still owe the money. You may incur collection fees if you don't pay it. The fact that seven months have passed since you got the cash at the casino doesn't affect your obligation.
Published on BankingQuestions.com 4/06/09
|
| |
|
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
