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Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
0

Re: Inconvenienced by NFCU! Is this standard policy?


variableResistor wrote:

Would they accept the ceck if endorsed by both parties and left in the nighttime depository?


That is how we get around it LOL

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
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Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Valued Member
variableResistor
Posts: 41
Registered: ‎05-26-2012
0

Re: Inconvenienced by NFCU! Is this standard policy?

My tution refund check was payable to me and I wrote pay to the order of : <My father's name> and sigened below under it. My father was able to deposit the check without me being present. This was at chase bank.

Fifth Third Bank Closed 2008-2012 Joint $1,000 Limit $667 High Bal
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FICO: EXPN 736 EQFX 743 TU 762 (04/25/14)
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Established Contributor
SwiftTone
Posts: 1,026
Registered: ‎02-27-2012
0

Re: Inconvenienced by NFCU! Is this standard policy?


variableResistor wrote:

My tution refund check was payable to me and I wrote pay to the order of : <My father's name> and sigened below under it. My father was able to deposit the check without me being present. This was at chase bank.


The teller who processed it just let it slip through the cracks. If he was aware of it, he would not have processed. Simply a human error, which happens often in these cases.

 

Trust me, if you made the teller aware that so and so signed this over to you and he can't verify the signature, he will not process it.

BCE: $0/$11,200, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$12,500, Citi Dividend: $0/$3500

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Valued Contributor
Datx
Posts: 1,051
Registered: ‎05-20-2010
0

Re: Inconvenienced by NFCU! Is this standard policy?


SwiftTone wrote:

variableResistor wrote:

My tution refund check was payable to me and I wrote pay to the order of : <My father's name> and sigened below under it. My father was able to deposit the check without me being present. This was at chase bank.


The teller who processed it just let it slip through the cracks. If he was aware of it, he would not have processed. Simply a human error, which happens often in these cases.

 

Trust me, if you made the teller aware that so and so signed this over to you and he can't verify the signature, he will not process it.


Actually, in variableResistor's scenario, that is perfectly fine. As long as both signatures are on the check, it should be good. I guess it just depends on the bank policy and it varies.

TU: 603 – EQ: 569 – EX: N/A – May 2010

Established Contributor
SwiftTone
Posts: 1,026
Registered: ‎02-27-2012
0

Re: Inconvenienced by NFCU! Is this standard policy?


Datx wrote:

SwiftTone wrote:

variableResistor wrote:

My tution refund check was payable to me and I wrote pay to the order of : <My father's name> and sigened below under it. My father was able to deposit the check without me being present. This was at chase bank.


The teller who processed it just let it slip through the cracks. If he was aware of it, he would not have processed. Simply a human error, which happens often in these cases.

 

Trust me, if you made the teller aware that so and so signed this over to you and he can't verify the signature, he will not process it.


Actually, in variableResistor's scenario, that is perfectly fine. As long as both signatures are on the check, it should be good. I guess it just depends on the bank policy and it varies.


Usually bank policy requires them to verify signature right? I mean, if that's not the case, I can just sign whatever check I found on the street over to myself.

BCE: $0/$11,200, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$12,500, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 734
EX FICO(AMEX) - 712
Regular Contributor
XxRaVeNxX
Posts: 201
Registered: ‎08-19-2012
0

Re: Inconvenienced by NFCU! Is this standard policy?

Well...just getting back...and at first they tried to say I needed an account there also..She was mistaken. Then the only thing they asked for was my ID. **bleep**?! Why couldn't they have done that at a local branch...very reason I closed my US Bank account...BS like that...

Chase Southwest $5000 - November 2012 Wal Mart $1000 - November 2012 NFCU Visa $5,000 - Sept 2012 NFCU NavCheck $3,000 - October 2012 Amazon $900 - Aug 2012 Kay's Jewlery $2700 - Aug 2012 Buckle $250 (Shopping cart trick) - October 2012 Roaman's $250 (Shopping cart trick) - October 2012 Capital One Secured $225 - April 2012 Capital One Platinum $2500 - July 2012
Valued Contributor
Datx
Posts: 1,051
Registered: ‎05-20-2010
0

Re: Inconvenienced by NFCU! Is this standard policy?

[ Edited ]

SwiftTone wrote:

Usually bank policy requires them to verify signature right? I mean, if that's not the case, I can just sign whatever check I found on the street over to myself.


Sure, if you want to risk fraud and jail time. I recently left my position at a big name bank a few months ago where I negotiate checks all day, and sent them to the next level for processing. And I wouldve processed that check if I saw the right signatures on the back of the check.

TU: 603 – EQ: 569 – EX: N/A – May 2010


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