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  Home >> Checks/Money Orders >> Checks You Received  
Parents want Cash for Sale of Property

My parents got a check for $29,000 for the sale of a property that was repossessed and sold. They don't want to deposit the money, they just want cash. Is that possible to do if they went to the bank from which the check was cut?


It would be up to the bank on which the check is drawn to determine whether your parents could cash the check. It would be far simpler and safer, however, to deposit the check in their own account, and then obtain smaller amounts of cash as needed.

If they decide to cash the larger check, they should not endorse it until they both visit the bank in question, produce their identification, and ask if the bank will cash the check. Only if the bank agrees, should they endorse the check. It will be important that they go to the bank together.

Published on BankingQuestions.com 12/16/08