 JeffreyWilpon please sell the MetsPremium
join:2002-12-24
Long Island
kudos:3
 ·Vonage
 ·Optimum Online
| Socially acceptable check cashing time... As someone who does 99% of his financial transactions of any kind online (which means I write very few checks), what is considered to be a socially acceptable time frame for a person to cash a check I wrote and handed right to them?
This check happens to be for a local business. FWIW, today was day 23, finally cashed. 17 business days, if you don't want to count weekends.
My guess is that's a little on the long side, right?
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"Honesty may be the best policy, but it's important to remember that apparently, by elimination, dishonesty is the second-best policy." - George Carlin
[my ramblings] |
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 jakmart
join:2002-03-21
Grayslake, IL | too,long, 7 to 10 days max on check cashing for my bus. |
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JeffreyWilpon please sell the MetsPremium
join:2002-12-24
Long Island
kudos:3 Reviews:
·Vonage
·Optimum Online
| said by jakmart:too,long, 7 to 10 days max on check cashing for my bus. That's what I thought. I'll let it slide this time, but if they do it again, they're going to get a little polite phone call on check etiquette.
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"Honesty may be the best policy, but it's important to remember that apparently, by elimination, dishonesty is the second-best policy." - George Carlin
[my ramblings] |
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 backfeedis giving feedback
join:2002-12-16
Peru, IN
·Comcast
| reply to Jeffrey
It would be hard for me to judge...the hours I work sometimes make it hard for me to get to the bank...but normally a business would not take too long.
Not sure what the best answer would be..it will be interesting to see what others think...
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There is 10 types of people. Those whom can read Binary and those who cannot. |
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| reply to Jeffrey
Takes the grocery store about 3 business days for the check to removed from my account. |
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 bobrkYou kids get offa my lawnPremium
join:2000-02-02
San Jose, CA
 ·SONIC.NET
| reply to Jeffrey
Why does it matter? Just assume the money is gone. You have it entered in your register, right? If it doesn't clear right away you're making money on it, so what's the big?
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change | bobrk |
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JeffreyWilpon please sell the MetsPremium
join:2002-12-24
Long Island
kudos:3 Reviews:
·Vonage
·Optimum Online
| said by bobrk:Why does it matter? Just assume the money is gone. You have it entered in your register, right? If it doesn't clear right away you're making money on it, so what's the big? Nothing is the matter really. It's all entered for, and recorded properly. I'm just amazed that a business doesn't appear want my money.
I'd hear a lot of complaints if I waited nearly a month to a cash a customer's check.
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"Honesty may be the best policy, but it's important to remember that apparently, by elimination, dishonesty is the second-best policy." - George Carlin
[my ramblings] |
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bobrkYou kids get offa my lawnPremium
join:2000-02-02
San Jose, CA Reviews:
·SONIC.NET
| said by Jeffrey:said by bobrk:Why does it matter? Just assume the money is gone. You have it entered in your register, right? If it doesn't clear right away you're making money on it, so what's the big? Nothing is the matter really. It's all entered for, and recorded properly. I'm just amazed that a business doesn't appear want my money. I'd hear a lot of complaints if I waited nearly a month to a cash a customer's check. I think checks kind of suck anyway. They're getting pretty archaic. When I get them, they invariably get misplaced and I forget to cash them right away.
My credit union just started a cool feature, though. You can scan the checks on your scanner and deposit them online. Truely awesome feature, and I've not misplaced any checks for quite some time because of it.
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change | bobrk |
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 NY TelPremium
join:2004-04-09
Smithtown, NY
kudos:3
·AT&T CallVantage
1 edit | reply to Jeffrey
Well how about the people you give wedding gifts to in the form of a check and they keep the thing un-cashed for 60 days!
Had it happen once. Very annoying to say the least.
Now you have to keep accounting for that stray 40 dollars.  |
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JeffreyWilpon please sell the MetsPremium
join:2002-12-24
Long Island
kudos:3 Reviews:
·Vonage
·Optimum Online
| said by NY Tel:Well how about the people you give wedding gifts to in the form of a check and they keep the thing un-cashed for 60 days! Had it happen once. Very annoying to say the least. Now you have to keep accounting for that stray 40 dollars. Oh man, that would honestly keep me up nights for the simple fact that it's on my mind, and when something is on my mind, I don't sleep well. That hasn't happened to me yet, but if it did, I might even cancel the check and call the recipient. 
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"Honesty may be the best policy, but it's important to remember that apparently, by elimination, dishonesty is the second-best policy." - George Carlin
[my ramblings] |
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JeffreyWilpon please sell the MetsPremium
join:2002-12-24
Long Island
kudos:3 Reviews:
·Vonage
·Optimum Online
| reply to NY Tel
said by NY Tel:Now you have to keep accounting for that stray 40 dollars. Generous little guy you are. |
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NY TelPremium
join:2004-04-09
Smithtown, NY
kudos:3 Reviews:
·AT&T CallVantage
| 
Green Kryptonite? |
said by Jeffrey:said by NY Tel:Now you have to keep accounting for that stray 40 dollars. Generous little guy you are. I was waiting for someone to pick up on that....
Speaking of Supergirl.....does anyone know what happened to her? |
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 rcdaileyDragoonflyPremium
join:2005-03-29
Rialto, CA | reply to Jeffrey
I've had checks go that long before being deposited at the SAME bank (different branch) from which they were written. I even mentioned the fact that the check was still outstanding but it still took some extra time to get it deposited. Granted that this was a check written to a non-profit and everyone is a volunteer, but a month is a long time to have a check outstanding in this digital age. |
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rcdaileyDragoonflyPremium
join:2005-03-29
Rialto, CA | reply to bobrk
That's another issue. The right thing to do if you find a check that you have not cashed and it is several months old, just return it to the maker with an apology. It doesn't make sense to try to cash it. The maker might even be dead by now. |
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| reply to rcdailey
I haven't balanced my checkbook since the early 90's. I just keep enough money in it to cover it all. I guess when I close it I may have a nice surprize. |
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rcdaileyDragoonflyPremium
join:2005-03-29
Rialto, CA | Your bank always knows what your true balance is. If they say you have no money, believe them. |
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