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Started By
Message
re: Cashing a REGIONS check at a Regions bank
Posted on 12/22/09 at 2:11 pm to Zilla
Posted on 12/22/09 at 2:11 pm to Zilla
quote:Why do you perceive every post you don't like or agree with to be 'arguing' with you? Don't accept a Regions check for payment. Get cash instead. Or, open an account with Regions and they won't fingerprint you when you cash a check drawn on them.
thanks for the advice, i needed that...
This post was edited on 12/22/09 at 2:18 pm
2
Posted on 12/22/09 at 2:30 pm to LSURussian
quote:
the bank is responsible for obtaining identification of the person cashing a check
is that some sort of law ? why don't all banks do it then ?
Posted on 12/22/09 at 2:35 pm to LSURussian
quote:
Why do you perceive every post you don't like or agree with to be 'arguing' with you?
I guess it's just not knowing you personally, Russian... when you respond with something like :
quote:
Do you have an account at Regions?
I don't take the question seriously ...i take it as you trying to ask stupid questions in order to flame ... because, quite frankly, it is a stupid question... perhaps its just that you are bored and you feel the need to respond before you think your response through ... apologies once again
Posted on 12/22/09 at 2:36 pm to rmc
rmc, bank mgr of some sort ? ...i thought you were IT
This post was edited on 12/22/09 at 2:37 pm
Posted on 12/22/09 at 2:38 pm to Zilla
quote:I think several other posters have said they know other banks which require ID and fingerprinting for someone cashing a check who does not have an account with that bank. It is up to the bank to get ID if it has to turn the case over to the police/DA/FBI (for a national bank) if there is a forgery or stolen check. I don't know if ALL banks do it, but it is my perception that most banks require additional ID, such as a fingerprint, to cash a check for a non-customer.
why don't all banks do it then ?
Posted on 12/22/09 at 2:39 pm to rmc
quote:rmcc316. Right letters, wrong numbers.
rmcc444
Posted on 12/22/09 at 2:41 pm to LSURussian
quote:
I think several other posters have said they know other banks which require ID and fingerprinting for someone cashing a check who does not have an account with that bank. It is up to the bank to get ID if it has to turn the case over to the police/DA/FBI (for a national bank) if there is a forgery or stolen check. I don't know if ALL banks do it, but it is my perception that most banks require additional ID, such as a fingerprint, to cash a check for a non-customer.
right, I understand all of that ... but you said the individual could make a claim against the bank and the bank would HAVE to pay it...I'm just wondering about this ? how do you know this ? is this law ? I figured the bank's responsibility stopped at checking the signature ... else why would a huge bank like cap1 not have a policy in place ? at some point its the individual's responsibility to secure their checks, right ?
This post was edited on 12/22/09 at 2:45 pm
Posted on 12/22/09 at 2:42 pm to Zilla
quote:What is flaming about that question? If you responded that yes, you have an account there, then my first point in that post did not apply to your case when I said banks do what Regions did only for non-customers. Which means it is NOT a stupid question.
Do you have an account at Regions?
I don't take the question seriously ...i take it as you trying to ask stupid questions in order to flame ...
Frankly, YOU are the one wanting to argue.
Remind me not to answer any more of your questions in the future.
Posted on 12/22/09 at 2:48 pm to Zilla
quote:The bank has to refund the money to their customer whether or not the bank gets proper ID from the forger, except in cases where the bank can prove negligence on the part of the account owner which led to the stolen or forged check.
could make a claim against the bank and the bank would HAVE to pay it.
The bank wants to get the ID in order to be able to track down the crook and hopefully get its money back that it had to credit back to its customer.
quote:Do you know for a fact that Cap One cashes checks for non-customers without obtaining proper ID of the person cashing the check? That would surprise me if they don't have that procedure in place.
else why would a huge bank like cap1 not have a policy in place ?
Posted on 12/22/09 at 2:50 pm to LSURussian
How many times have you been fingerprinted at your own bank, after showing your ID when attempting to cash your own bank's check ?
based on your response, I believe you...your intent wasn't to flame ... I'm sorry ... I value your knowledge and contributions to the board and I don't want you to not post in my thread...
based on your response, I believe you...your intent wasn't to flame ... I'm sorry ... I value your knowledge and contributions to the board and I don't want you to not post in my thread...
Posted on 12/22/09 at 2:51 pm to LSURussian
quote:
The bank has to refund the money to their customer whether or not the bank gets proper ID from the forger, except in cases where the bank can prove negligence on the part of the account owner which led to the stolen or forged check.
ok, I gues I will take your word for it
quote:
Do you know for a fact that Cap One cashes checks for non-customers without obtaining proper ID of the person cashing the check? That would surprise me if they don't have that procedure in place.
yea, did it last week
Posted on 12/22/09 at 3:00 pm to Zilla
quote:And you don't have an account with Cap One? Do they know you there?
yea, did it last week
If the answer is no to both of those questions, then Cap One is exposed to losses with no hope of recovery if they can't give the authorities some way to ID you if you are a crook.
quote:Don't take my word for it. Look it up. Or ask your bank what they do in similar situations. The bank bears responsibility for knowing its customers. If it doesn't, it suffers the loss without much legal recourse.
I gues I will take your word for it
Posted on 12/22/09 at 3:04 pm to LSURussian
quote:
And you don't have an account with Cap One? Do they know you there?
no, first time to ever set foot in there
quote:
ask your bank what they do in similar situations
I intend on doing just that
Posted on 12/22/09 at 5:43 pm to Zilla
We had one day's mail stolen where I work. A local bank, a credit union and Wal-Mart cashed these very obviously altered checks. The total amount of those checks was over $35,000. I sure wish someone had taken the perps' fingerprints. Maybe then they would be in jail now.
This happened 3 months ago and we are still dealing with the fallout from this theft.
This happened 3 months ago and we are still dealing with the fallout from this theft.
Posted on 12/22/09 at 5:47 pm to Zilla
quote:Never. That is why I assumed you didn't have an account at Regions but wanted to ask to verify it.
How many times have you been fingerprinted at your own bank, after showing your ID when attempting to cash your own bank's check ?
Posted on 12/22/09 at 5:49 pm to ProudLSUMom
quote:It sounds from Zilla's post that Capital One bank is a good bank to take a stolen check and cash it since they don't get proper ID. I'm sure there were some jobs lost at the institutions where the stolen checks were cashed.....except for Wal-Mart maybe.
I sure wish someone had taken the perps' fingerprints.
Posted on 12/22/09 at 7:52 pm to LSURussian
I work with a financial institution. Any time a non account holder presents a check to cash drawn on our institution we get proper ID.
Check Bank Secrecy Act and Patriot Act
Check Bank Secrecy Act and Patriot Act
Posted on 12/22/09 at 9:23 pm to Zilla
The bank I work at requires that we get a fingerprint if they are cashing one of our checks and are a non-customer. It also requires identification for cashing checks even with customers. But obviously if we know the customer well we can just put "known customer" in the system. Most of this is part of the Patriot Act signed after 9/11.
Posted on 12/22/09 at 9:45 pm to Zilla
Welcome to the year 2000.
Posted on 12/22/09 at 9:46 pm to TBass82
odd, you would think Chase and Cap1 would do this also then .... i guess i found it odd b/c the only 2 other times I did this was at those banks and they didn't ask for anything at all
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