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Can i cash in a personal check even if he doesnt have enough funds in his bank account?


My friend gave me a check for $3500 and i dont think he has enough funds in his bank account to cover that 3500. Can i still cash the check in and get $3500 in cash today? if not is there any way for me to get that money today? i really need it today

you can cash it but your friend will get in trouble with the bank if the check bounces. he will pay extra fees. this is the premise of nigerian 419 scams. they give you a cheque to cash and the bank will give you the money but after 3 or 4 days they will find out there was no money in the account from which it was drawn, and will go after the account holder. banks work on trust, so yeah you can cash it today if you want but know your friend will eventually get in trouble with his bank
The bank will turn away the check unless the guy has overdraft protection. A check cashing place might take it but you will pay some hefty fees and when it bounces they will come looking for you.
If I were you, I would take it to the bank that it is drawn on. If there are enough funds in the account, the bank will cash it for you for about a $5 fee, if you don't have an account with them. If you try and cash it through your account, you have to have enough funds in your account to cover the check. If for some reason he doesn't have enough funds in his account, it will come back to your account as a bounced check. You will be held accountable for the funds along with the returned check fee.
If the funds are not in the account, you cannot cash the check.
it will bounce and hurt your friend's credit terrible.
I am sure you will get it cashed though.
1) What kind of friends do you have?

2) If someone gives you a check, knowing it will bounce, they belong in jail

3) You can go to your bank and see if they will find out if the funds are in the person's account. You can go to their bank to find out.

And... Go find better friends.

Maria Marsala
http://www.elevatingyourbusiness.com...
Nope and Nope.
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alliance bank bank loan financial services online banking bank account bank checks bank holidays
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