For five years now a bank has cashed a check that was in a trust. Now they will not even let us deposit it. Why?
Banks are becoming increasingly particular about cashing checks or accepting them for deposit. They've simply been burned too many times by fraudulent endorsements, so they've really tightened up policies on cashing checks if they are payable to a business or other entity, including a trust.
If checks are payable to a trust or to individuals listed on the check as trustees of a trust, many banks now require them to be deposited to an account in the trust's name. It's not that the bank doesn't trust you after all these years. It's that the bank now has policies they didn't have before, because of problems with other checks.
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Banks are becoming increasingly particular about cashing checks or accepting them for deposit. They've simply been burned too many times by fraudulent 