REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 03-08-2013, 08:35 PM   #1
Head Moderator
 
Lomac's Avatar
 
Join Date: Dec 1982
Location: Great White Nor
Posts: 22,595
Thanked 6,405 Times in 2,053 Posts
Depositing predated cheques

So I pulled a facepalm a few munutes ago and grabbed an incorrect cheque before depositing it in an atm. Any comments on what'll happen? Are they subject to NSF to both me and the cheque holder? And will I need to have a new cheque cut? Trued calling the bank but they're shut down for the night now. I'll try again tomorrow but I'd like to give the cheque holder a heads up asap.
Advertisement
Lomac is offline   Reply With Quote
Old 03-08-2013, 08:54 PM   #2
Rs has made me the woman i am today!
 
Join Date: Oct 2004
Location: Richmond
Posts: 4,459
Thanked 2,259 Times in 439 Posts
I just asked my friend who works at TD.
She said it depends on the person who deposits the funds.

She said it could go through or it could bounce.
The ATM deposits are not handled by TD staff, they are outsourced. So i'm assuming the same is true for all other banks?

So it's hard to tell she said.
If it does bounce, you'll have to pay a fee (Dependent on your bank)

What was the date on the cheque, do you know?
TheKingdom2000 is offline   Reply With Quote
Old 03-08-2013, 09:30 PM   #3
The Lone Wanderator
 
Graeme S's Avatar
 
Join Date: Mar 2001
Location: Burnaby
Posts: 12,089
Thanked 4,367 Times in 1,137 Posts
Some banks will hold the cheque until the post-date and then release the funds then. That accidentally happened when an old boss of mine gave me a cheque dated for the year after.

Deposited it, he realized the mistake, said he'd cancel it and then gave me another one. Fast forward to a year later when they were like "WTF why did you take our money" and I was like "...uh, what?" Whoops.
Graeme S is offline   Reply With Quote
Old 03-08-2013, 10:10 PM   #4
what manner of phaggotry is this
 
RRxtar's Avatar
 
Join Date: Nov 2001
Location: Kelownafornia
Posts: 17,972
Thanked 4,933 Times in 1,659 Posts
You mean post-dated cheque?

It depends on your bank and your relationship with the bank. The credit union my business account is with is very good with this kind of thing. They manually sort and clear cheques next morning in branch and if they catch one, they will call me and politely notify me they will simply hold the cheque until the date and then release it for me.

Most major banks outsource their sorting so it takes a day or two to be processed. Try calling the bank's toll free number (not your specific branch) and they should be able to make a note on your account about it.
__________________
STRENGTHaesthetics
RRxtar is offline   Reply With Quote
Old 03-09-2013, 01:22 PM   #5
Rs has made me the man i am today!
 
cctw's Avatar
 
Join Date: Mar 2005
Location: Richmond
Posts: 3,258
Thanked 159 Times in 93 Posts
in the states it doesn't matter..banks cash it anyways
cctw is offline   Reply With Quote
Old 03-09-2013, 11:16 PM   #6
Proud to be called a RS Regular!
 
Join Date: Feb 2011
Location: Us
Posts: 123
Thanked 35 Times in 13 Posts
Just dont use the funds at the moment. If you use your funds now and the cheque gets charged back, then you will receive a NSF charge.

Usually they will mail you back the cheque with a dishonoured stamp.
ImpactZ is offline   Reply With Quote
Old 03-10-2013, 09:26 AM   #7
Banned By Establishment
 
Gridlock's Avatar
 
Join Date: Dec 2003
Location: New West
Posts: 3,998
Thanked 2,982 Times in 1,135 Posts
On the subject of checks, I stop by the bank the other day to deposit a check. The lady is like, "she didn't initial the change from 2012 to 2013. Now, I've had issues before so I check them myself. I didn't see it. The ink was a little darker.

So back into the car, back down to the building, to the tenant, who scrawls their initials while laughing and I go back to the bank, back to a new line to have it deposited.

Like, srsly. You know, banks in the grand form, unarrestable and basically bankrolled by government...that's annoying. Having some chick make me drive around town? That's just...INDEFENSIBLE!.
Gridlock is offline   Reply With Quote
Old 03-10-2013, 01:08 PM   #8
Isaac's Hardstyle Sessions
 
Drow's Avatar
 
Join Date: Apr 2008
Location: Vancouver
Posts: 2,773
Thanked 1,807 Times in 547 Posts
^^^

its called bank policies its to protect the bank incase the cheque issuer decides to complain or sue the bank for cashing out their cheques which were modified without their authorization

i hope u werent too offended
Drow is offline   Reply With Quote
This post thanked by:
Old 03-10-2013, 01:38 PM   #9
I don't get it
 
entrax's Avatar
 
Join Date: Mar 2011
Location: Burnaby
Posts: 438
Thanked 560 Times in 143 Posts
certain ways it CAN work...if the post-dated cheque is dated for the first business day after a weekend (mondays normally, or tuesday for a holiday weekend) and you deposited it after 3pm on the friday before (6pm business closing time for EST) it will work because banks can't send off the cheques until monday anyway.

i work sat/sun and we take cheques that are dated for monday and never had a problem

if it's anything other than that though, i've heard of banks holding it for you until the correct date, but most of the time you'll just get it back in the mail as rejected and you can either two things:
1) bring it in to a teller on the correct date and explain the situation
2) get replacement one
entrax is offline   Reply With Quote
Old 03-10-2013, 06:59 PM   #10
I *heart* Revscene.net very Muchie
 
Mancini's Avatar
 
Join Date: May 2001
Location: Vancouver
Posts: 3,819
Thanked 234 Times in 124 Posts
Do you mean post dated?
Posted via RS Mobile
Mancini is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 04:40 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net