Quote:
Originally Posted by WiredGuy
Do you happen to know what the name of this service is (of the bank trying to cash it every day)? I definitely want to pursue that option but not sure how to ask for it at my bank.
Thanks Trixxia!!
WG
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Charles, you just tell your bank that you want the cheques sent on collection (that is the actual term for it). They should then take care of sending them out to the other bank for you. Once the other bank has them they will hold them for a set period of time (I think it's 30 days) and check the account daily for funds. If at the end of the time they are still not good the other bank will return them stating such. I'm not sure what the current fee for this is but at least it's a way of trying to get the funds without you having to check daily yourself. If they still come back "NSF" then you should go to the police to see about filing fraud charges
good luck