Quote:
Originally Posted by Jel
While we're on the subject though, what is the absolute need to 'stop' the check? As in, I've been turned down before now to write VOID in big red letters all over the front, rip it in half, and scan it, so there's zero way for it to actually be presented at a bank, but this wasn't proof enough that I wasn't going to attempt fraud, and the issuer still needed to put a stop on the check. I mean, how the fuck does the bank know what is owed and what is not - surely you'd write another check and simply not inform the bank?
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It is 100% the discretion of the bank. And it can sometimes create a mess for sure. I speak from experience - years ago I worked as a case manager for a bank's loss prevention unit for checking account fraud. There are so so many scams and snafus possible, that's why I said it'll be nice when checks are phased out.
Thing is, even a stop payment isn't foolproof - some banks only honor them for 6 months or another arbitrary period of time.