What happens if you cash a check and that person no longer has an account with that bank?
If the check cannot be paid because it is drawn on a closed account, you, as the endorser, will be liable to the bank for the amount of the check. Then you will have to try to collect the money directly from the person who gave it to you.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
If the 