Legal Question in Banking Law in Illinois
Deposits
Can my bank refuse to accept my wife's paychecks for deposit because she is not on the account, even though she writes ''pay to the order of'' myself? Thank you.
Asked on 1/25/03, 6:02 pm
1 Answer from Attorneys
Lawrence A. Stein
Aronberg Goldgehn Davis & Garmisa, LLC
Re: Deposits
Yes. The bank has the right to prohibit the deposit of "third party checks," checks payable to a "third party," not an accountholder.
Answered on 1/25/03, 6:05 pm
Related Questions & Answers
-
Unknown transfer into my checking account I recently noticed an unexpected $1500... Asked 1/10/03, 10:29 am in United States Illinois Banking Law
-
Stopped payment of a check Customer authorized work on vehicle after being given a... Asked 11/14/02, 11:21 pm in United States Illinois Banking Law
-
NSF Bank Error Bank Error caused a returned check to a regional grocery chain who... Asked 11/11/02, 4:27 pm in United States Illinois Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
