How to Verify Funds Before Cashing a Check
Identify the name of the payer’s bank on the check., Find the bank’s contact information., Call the payer’s bank, or visit a branch in person., Inform a bank representative that you want to verify funds for a check., Provide the bank with the...
Step-by-Step Guide
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Step 1: Identify the name of the payer’s bank on the check.
The bank’s name is printed on the front of the check, and is often found below the check amount or at the top of the check. -
Step 2: Find the bank’s contact information.
Verifying funds for a check requires you to call the bank directly, or visit a branch in person.Use the Internet or a telephone directory to find the bank’s contact information, instead of relying on contact information printed on the check.
This helps you avoid contacting an illegitimate party claiming to be a bank in the event the check is counterfeit. , Some banks can verify funds over the telephone, whereas others require you to visit a branch in person.
For example, Wells Fargo and Chase allow you to verify funds over the phone, while Citibank and Bank of America require you to verify funds in person., Policies vary for each bank and financial institution, and some require you to pay a fee to verify funds., In most cases, you’ll be asked to provide the payer’s name, account number, and the amount of the check., Due to rules and regulations concerning privacy, most banks can only tell you whether funds are available, but cannot reveal any other account information, such as the amount of funds available, or whether other transactions are pending. -
Step 3: Call the payer’s bank
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Step 4: or visit a branch in person.
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Step 5: Inform a bank representative that you want to verify funds for a check.
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Step 6: Provide the bank with the payer’s account information as required.
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Step 7: Wait for the bank to inform you whether funds are available.
Detailed Guide
The bank’s name is printed on the front of the check, and is often found below the check amount or at the top of the check.
Verifying funds for a check requires you to call the bank directly, or visit a branch in person.Use the Internet or a telephone directory to find the bank’s contact information, instead of relying on contact information printed on the check.
This helps you avoid contacting an illegitimate party claiming to be a bank in the event the check is counterfeit. , Some banks can verify funds over the telephone, whereas others require you to visit a branch in person.
For example, Wells Fargo and Chase allow you to verify funds over the phone, while Citibank and Bank of America require you to verify funds in person., Policies vary for each bank and financial institution, and some require you to pay a fee to verify funds., In most cases, you’ll be asked to provide the payer’s name, account number, and the amount of the check., Due to rules and regulations concerning privacy, most banks can only tell you whether funds are available, but cannot reveal any other account information, such as the amount of funds available, or whether other transactions are pending.
About the Author
Judith Gibson
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