We recently Issued a check to one vendor but it got accidentally mailed to a different vendor. They endorsed it and deposited it. Bank honored it no problem... I don't think anyone or any system is verifying anything on checks.
On Sat, Mar 18, 2017 at 10:43 PM, Chuck McCown <ch...@wbmfg.com> wrote: > At most they check to see if something is scrawled on the signature line. > > -----Original Message----- From: Keefe John > Sent: Saturday, March 18, 2017 8:31 PM > > To: af@afmug.com > Subject: Re: [AFMUG] Speaking of banks and banking > > I dont think banks check signatures period. > > > On 3/18/2017 6:38 AM, Paul Stewart wrote: > >> It became such and issue for me with another company i was involved with >> that we ended up using a service that (conveniently or ironically) the bank >> offers to protect against this kind of stuff. The name varies bank to bank >> but basically when you do check runs, you upload that information to the >> bank and only those checks will be honoured and within a certain >> timeframe. it was quite expensive but having to deal with fraud issues >> all the time is too … >> >> >> On Mar 17, 2017, at 11:31 PM, Chuck McCown <ch...@wbmfg.com> wrote: >>> >>> Also, I found out if you have a double signature requirement on checks >>> and someone sends one through with only one signature, the bank does not >>> give a crap. >>> >>> -----Original Message----- From: Rory Conaway >>> Sent: Friday, March 17, 2017 2:26 PM >>> To: af@afmug.com >>> Subject: Re: [AFMUG] Speaking of banks and banking >>> >>> I believe you have about 60 days maximum to file claims. After that you >>> are basically screwed with the way the laws are written. I tell you this >>> from experience. >>> >>> Rory >>> >>> -----Original Message----- >>> From: Af [mailto:af-boun...@afmug.com] On Behalf Of Chuck McCown >>> Sent: Friday, March 17, 2017 1:02 PM >>> To: af@afmug.com >>> Subject: Re: [AFMUG] Speaking of banks and banking >>> >>> Yeah, the one guy that signed his own name to one of the checks signed >>> it with a decent enough signature that the graphologists can match it up to >>> many other examples of his signature that are available in public records. >>> >>> -----Original Message----- >>> From: Adam Moffett >>> Sent: Friday, March 17, 2017 2:00 PM >>> To: af@afmug.com >>> Subject: Re: [AFMUG] Speaking of banks and banking >>> >>> Yeah, I'm guessing if they wrote checks to themselves then you know >>> exactly who to make a claim against. I'm sure Chuck has weighed the >>> options though. >>> >>> >>> >>>> Surely that's some kind of crime with a statute of limitations of more >>>> than >>>> 60 days. >>>> >>>> ~Seth >>>> >>> >> >
