Bank Tip
So …
Someone who owed me some coinage,
Paid up the other day.
Yeah !!! 🙂
Unfortunately,
They wrote the check out to my old name …
Joe Hairdy.
No problemo …
I endorsed it and deposited it into my account.
I didn’t think it was a big deal,
Having done it a few times with rebate checks that still dribble in to Joe.
However,
I guess the dollar amount of this particular check,
Though certainly not sizable,
Was enough for them to see if they could find a reason to deny honoring it,
And they did.
Reason being …
The name on the check did not match the name on my account.
I had no idea that was a no-no !!
Though this morning when I downloaded my banking krap,
I soon became aware …
Upon seeing that amount coming back out of my checking account.
The first thought crossing my mind …
Was obviously that the jerks gave me a bad check.
But the little explanatiooooon next to the transaction seemed to suggest otherwise.
And when I called customer service …
I was given an education in what and what not I can deposit in my account.
Apparently the check that they refused has been sent back to me …
And once I get it,
I’ve got to get it reissued …
To me.
It’s nothing major,
Just something to deal with …
Which I thought I’d share so that anyone else who might find themselves in the position to possibly make the same banking faux pas may learn from my mistake !! 🙂
Responding to Yodette’s question about SS# – yes, in all cases except for one – believe it or not, in the case of a trust (a/k/a an “ITF”)account.
“Yodette in trust for [Yodette’s sister]” does not require anything from Yodette’s sister, because the law deems the money to be owned by Yodette unless she dies. At that point, in order to claim the money, Yodette’s sister (or court appointed guardian) must come up with all the proper identification.
I know exactly what you’re saying Beth … it does get to that point where you’re just along for the ride and holding on for dear life !! lol 🙂
Wow … thanks for the good tips Greg !! 🙂
It’s amazing how transition takes on it’s own momentum sometimes. In the beginning we work so hard to convince others of our true identity, and it can sometimes be pushing a wagon full of lead uphill. Then we reach the top of the incline, and the transition wagon takes off on it’s own down the other side. I’ve even recieved replacement credit cards in my new name even though I hadn’t notified the issuers of my name change.
Beth
In the past banks had less demanding rules. However, with money laundering issues for drugs and terrorism and identity theft, it may be the rules have been tightened. Are you asked for the SSN of each name you add to an account now?
Bingo, Greg.
Banks LOVE money, at least when they get it.
RE:
…Yeah, have that ‘Joe’ account added. It will look like your husband then….
See? You’ve already had a ‘guy’ in your life!
I don’t know the law real well, but I do know that the problem with this is that joe is not your name. Furthermore, there will almost definitely be paperwork involved, and Joe’s signiture required at the bank (the “know your customer” rule – I worked at a bank once), and no matter how “boy” you tried to look now, Amy, I don’t think it would work anymore.
Now, it is not illegal to take a alias unless it is to defraud, but a bank might look on that as comming close to the line.
On the other hand, it is money, and the bank might just well decide to take it.
no, no no …it’s like a third party cheque.
You sign with OB name, endorse it over to NG name, and make it “for deposit only.”
We do it within our household all the time – amongst and between family members, who have different last names.
simple.
Banks want to take your money. Screw the “function” thing – it should almost be a non-issue now in that part of the business community that does not know you personally.
And I am shocked to hear your bank did not suggest it – I learned this trick from a teller at one of our banks right after my ofdest daughter was born 19 years ago!
Laura,
Leave it to a gastroenterologist to tell fart jokes……
OtherLaura
Yeah, have that ‘Joe’ account added. It will look like your husband then.
See? You’ve already had a ‘guy’ in your life!
Instead on my usual repetoire of witty repartee and bathroom humor, I thought I’d try my hand at some useful advice…..
You should keep your old name as an alias on the account. That way, if I check comes to your old name, you can deposit it just the same.
Now, back to your regularly scheduled fart jokes….
Laura
Sue em babe…you know how!
M
Yeah, I did disclose function as I was trying to get them to just run the check through …
I was unsuccessful in that attempt.
I’m also not totally convinced that the representation to me that I can’t deposit a check into my account not made out to me was correct …
I’m sure they wouldn’t do it if they didn’t have some basis, but I want to see how sound of a basis that it is.
You had to disclose function?
It did amuse me the whole conversation with the service rep !! 🙂
Yeah … that would have been a good solution ‘kenna, I just never thought of it. 🙂
My solution was to endorse it to myself. Old boy name to new girl name. No one ever questioned that.
‘Kenna
Amy,
This is such a cool problem to have to deal with. Even the bank recognizes that “he” doesn’t exist anymore.
laura