Legal Question in Banking Law in Maryland
Is it illegal for a bank to not honor/cash a check that is written by an account holder of that bank?
Asked on 4/05/11, 3:20 pm
1 Answer from Attorneys
Paula McGill
Attorney at Law
In general, a bank has to honor a valid check drawn by its accountholder. However, as always, there are exceptions to the general rule. Therefore, it would have been helpful if you had disclosed the bank's reasons for dishonoring the check.
MARYLAND OFFICES IN BETHESDA AND BALTIMORE
Answered on 4/05/11, 6:47 pm
Related Questions & Answers
-
I had money in escrow at Capital One for three years. I was the only authorized... Asked 2/28/11, 6:51 pm in United States Maryland Banking Law
-
I was told by someone at my bank that it was a new Maryland law to require the... Asked 1/09/11, 4:02 pm in United States Maryland Banking Law
-
If two persons buy a home and one co-signed the note, and the cosigner dies, but the... Asked 1/09/11, 11:40 am in United States Maryland Banking Law