Bank placed a hold on my checks?

[72kcoh]

i have had the exact same thing happen at PNC bank. (this check was for considerably less than yours) tell me to wait 3 weeks.. they send the check to collections (standard?).. i call back a month later..check has now been sent somewhere else for investigation...this was almost 60 days ago. they still will not give me any information on the check. ive been trying to get WPEX to put a stop payment on it and issue me another, which is a pain in the ass itself because they want copies of the check, other information that the bank will not provide me with. and the live help people seem to forget to process my request every time. moral of the story, request cashout Feb 12 stil no monies. if u need your money anytime soon i would see if citizen;s will return your checks to you and take them to another bank.

[arizona]

If you just cashed these checks, could all these problems be avoided? Or will the bank not cash them for you? What about some other area bank? Then you could just return and deposit the cash with no worries, right?

[ChipFerFree]

[ QUOTE ]
If you just cashed these checks, could all these problems be avoided? Or will the bank not cash them for you? What about some other area bank? Then you could just return and deposit the cash with no worries, right?

[/ QUOTE ]

That is exactly what I did at BofA couple weeks ago...

[curtains]

How do you go about simply cashing the checks? What are the fees usually? Sorry I'm a newb, never cashed a check before.

[Windmilla]

Hmm... this isnt very calming news

[ChipFerFree]

There are generally no fees to cash a check with a bank at which you already have an account.

But

The bank may balk at cashing a check for you if the value of your account(s) with them are less than the value you are attempting to cash. Make sense?

IE don't try to cash a 5k check at a bank in which you have only deposited 2k...

[Ditch Digger]

Anyone that sticks with Citizens Bank after this crap is an idiot. Take your business elsewhere.

[BigAlK]

[ QUOTE ]
There are generally no fees to cash a check with a bank at which you already have an account.

[/ QUOTE ]

However cashing the check doesn't provide you any insurance against the check not clearing, etc. If the funds are no good you'll still be liable. If they cash it they may still put a hold on the funds currently in your account so nothing was gained by cashing the check anyway.

If you don't have an account then most banks will be leary of cashing a check for you unless the check you're cashing is drawn on that bank.

[KotOD]

[ QUOTE ]
If you just cashed these checks, could all these problems be avoided? Or will the bank not cash them for you? What about some other area bank? Then you could just return and deposit the cash with no worries, right?

[/ QUOTE ]

Official Checks thread:

http://forumserver.twoplustwo.com/showfl...rue#Post9425935

http://forumserver.twoplustwo.com/sh...age=0&vc=1

"HOW TO CASH A CHECK

a. If you have a bank account somewhere, take it there to cash it. You can go through the drive-thru or inside. Signing the back is called "endorsing", so endorse the check and give it to the teller along with your picture I.D.

b. If you don't have a bank account anywhere, you can take it to the bank that issued the check. Look on the check, you'll see the logo or name of the bank somewhere. They will also take it. Do the same procedure: endorse the back and give it to the teller with your I.D."

[curtains]

sadly no wells fargo anywhere near Philly [img]/images/graemlins/frown.gif[/img]