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#42219

2000man@wongfaye.com (Visitor)

what happens if you are on chexsystems Bank deducts old bad check from account
sounds like we all need to start writing void after 60 days under the date line maybe check companys can even print it there if requested

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#42220

Arthur L. Rubin (Visitor)

what happens if you are on chexsystems Bank deducts old bad check from account
If the account is closed, the bank will reopen the account with a negative balance. That, they probably cannot legally do. They can demand payment, but they can't reopen the account. Furthermore, I doubt they can put the debt on your credit report without an adjudication.

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#42221

Thomas Anantharaman (Visitor)

what happens if you are on chexsystems Bank deducts old bad check from account

It's not often that retail banks catch and correct an error from more than six months ago. Nonetheless by law they are allowed up to seven years. Do you know what kind of errors can be corrected that late under the law ? There is a 11 day time limit for returning checks due to NSF or stop orders. I can see the law allowing fraudulant checks to be back charged for 7 years. But it is very surprising that merely a faulty endorsement, even if the check was deposited to the account of the correct party, allows the payee (IRS) to backdraft the check. If that is true how come we don't find private companies diligently checking all endorsements and backdrafting all checks with any error in the endorsement (eg illegible signature) ? This is bound to be true of a significant fraction of all otherwise valid checks. Did the receipient in the cases you knew about deposit the check in a incorrectly _title_d account (eg refund check is joint and check was deposited into husbands account only) ?

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#42222

Falky foo (Visitor)

what happens if you are on chexsystems Bank deducts old bad check from account
maybe check companys can even print it there if requested

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#42223

Christopher Green (Visitor)

what happens if you are on chexsystems Bank deducts old bad check from account

That's an interesting comment. Are there any problems with writing void after XX days on a check? Will some places refuse the check if that's on it? I'm talking about average Joe using checks in the supermarket or mailing to the DMV or whatever. The bank's free to ignore it and clear the check anyway. If the bank does return the check, you still owe the money, and you'll have to deal with a creditor who's put out by having to handle your returned check. It won't deal with the OP's problem, which is that the bank turned up a bounced check on audit. Language that purports to make a stale check void won't help in that situation.

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#42224

Stan Brown (Visitor)

what happens if you are on chexsystems Bank deducts old bad check from account

That's an interesting comment. Are there any problems with writing void after XX days on a check? Will some places refuse the check if that's on it? I'm talking about average Joe using checks in the supermarket or mailing to the DMV or whatever. Banks typically read only the amount and account number when processing a check. This is why they reserve the right to return or process stale checks at their discretion, i.e. ignoring the date. Writing void after 60 days may make the check legally not a check at all. I'm very hazy on this point, but the Uniform Commercial Code (law in nearly all states) is incredibly detailed on what constitutes a check. As I recall from discussions on misc.legal.moderated

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