I am trying to go straight ACH payments with payment advice but it isn't as easy or painless as I had hoped. Some banks charge for the interface. I think most will waive those fees if you have enough in your account.
On Mar 18, 2017 11:17 PM, "Chris Fabien" <[email protected]> wrote: > We recently Issued a check to one vendor but it got accidentally mailed to > a different vendor. They endorsed it and deposited it. Bank honored it no > problem... I don't think anyone or any system is verifying anything on > checks. > > On Sat, Mar 18, 2017 at 10:43 PM, Chuck McCown <[email protected]> wrote: > >> At most they check to see if something is scrawled on the signature line. >> >> -----Original Message----- From: Keefe John >> Sent: Saturday, March 18, 2017 8:31 PM >> >> To: [email protected] >> Subject: Re: [AFMUG] Speaking of banks and banking >> >> I dont think banks check signatures period. >> >> >> On 3/18/2017 6:38 AM, Paul Stewart wrote: >> >>> It became such and issue for me with another company i was involved with >>> that we ended up using a service that (conveniently or ironically) the bank >>> offers to protect against this kind of stuff. The name varies bank to bank >>> but basically when you do check runs, you upload that information to the >>> bank and only those checks will be honoured and within a certain >>> timeframe. it was quite expensive but having to deal with fraud issues >>> all the time is too … >>> >>> >>> On Mar 17, 2017, at 11:31 PM, Chuck McCown <[email protected]> wrote: >>>> >>>> Also, I found out if you have a double signature requirement on checks >>>> and someone sends one through with only one signature, the bank does not >>>> give a crap. >>>> >>>> -----Original Message----- From: Rory Conaway >>>> Sent: Friday, March 17, 2017 2:26 PM >>>> To: [email protected] >>>> Subject: Re: [AFMUG] Speaking of banks and banking >>>> >>>> I believe you have about 60 days maximum to file claims. After that >>>> you are basically screwed with the way the laws are written. I tell you >>>> this from experience. >>>> >>>> Rory >>>> >>>> -----Original Message----- >>>> From: Af [mailto:[email protected]] On Behalf Of Chuck McCown >>>> Sent: Friday, March 17, 2017 1:02 PM >>>> To: [email protected] >>>> Subject: Re: [AFMUG] Speaking of banks and banking >>>> >>>> Yeah, the one guy that signed his own name to one of the checks signed >>>> it with a decent enough signature that the graphologists can match it up to >>>> many other examples of his signature that are available in public records. >>>> >>>> -----Original Message----- >>>> From: Adam Moffett >>>> Sent: Friday, March 17, 2017 2:00 PM >>>> To: [email protected] >>>> Subject: Re: [AFMUG] Speaking of banks and banking >>>> >>>> Yeah, I'm guessing if they wrote checks to themselves then you know >>>> exactly who to make a claim against. I'm sure Chuck has weighed the >>>> options though. >>>> >>>> >>>> >>>>> Surely that's some kind of crime with a statute of limitations of more >>>>> than >>>>> 60 days. >>>>> >>>>> ~Seth >>>>> >>>> >>> >> >
