Quote:
Originally Posted by Topspinmo
Just love how they get you to give them you’re money, then hold you hostage.
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Depositing a check and the bank placing a hold on those funds until cleared is smart, not holding the customer “hostage.” If I write a check to you, your bank doesn’t know if my check will clear or not.
Regarding the check payable to cash, 2 things:
1. The teller was correct in that she could not cash it for you. However, I’m sure she explained that you could simply endorse the back, deposit to your personal account, and make a personal withdrawal, (as long as you have enough in your available balance).
2. The bank doesn’t care what your IRS filing status is when it comes to personal accounts. And, technically you can’t be “head of household” if you are married.
The categories are:
• Married Filing Jointly
• Married Filing Separately
• Qualifying Widow(er)
• Head of Household (MUST have a qualifying dependent)
• Single