I had a check for $1,100, which I deposited into my checking account three months ago. A person owed me the money and I have a signed contract. Now, this person just had the deposit reversed out of my account for the entire amount. This person owed me the money for services rendered, what do I do? The other person's bank won't help me. This should be considered fraud; also they are out of state.
Without knowing the circumstances under which the check was charged back to your account, we can't really provide a helpful response, although any delay of three months is certainly suspect as being a late return. Ask your bank why it accepted the return of the check at such a late date. Your bank may be able to claim a late return and get the funds back. If that's not possible, you can take the legal action against your customer that you already know you have as a last option.
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
Without knowing the circumstances under which the check was charged back to your account, we can't really provide a helpful response, although any delay of three months is certainly suspect as being a late return. Ask your bank why it accepted the return of the check at such a late date. Your bank may be able to claim a late return and get the funds back. If that's not possible, you can take the legal action against your customer that you already know you have as a last option.
