Contour Enthusiasts Group Archives Forums General Common Interests Problem Cashing Check

Originally posted by Tom Thumb:

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I sold an Item on eBay. The Buyer sent a Bank Check in U.S. dollars from the Royal Canadian Bank payable through J P Morgan Chase Bank. My bank wouldn't deposit the check but they sent the check to the main branch of the bank to collect the payment. The check looked real and it had two special watermarks that looked like they would be hard to impossible to copy.

Has anyone else had problems depositing Bank checks from Canada that are payable through U.S. Banks in U.S. funds?

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Originally posted by loggerbomb:

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i dont know why they would give you a hard time about the check. If its certified by RBC it should just the same as any other cheque, regardless of where it came from. Ive never had any problems and Ive bought stuff on Ebay from people in the states a few times, hell even Russia

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Originally posted by Tom Thumb:

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It seems like banks are suspicious. A few years ago I went to deposit 3 checks. One of the check writers had put a special watch on his account because someone had forged a check. I ask the bank which check it was. They said "You know what check it is". I was angry so I left the drive through window and went inside so I could look the person straight in the eyes. They told me which check it was and I told them that it was no problem because I know the person well who wrote the check.

Then once I fell into the river when I was fishing and got a check wet. The bank gave me some really suspicious looks. They thought that I had washed the check and written it for a higher dollar amount.

The bank should know I'm honest because I've been banking there for almost 20 years.

I like my bank pretty well but they are suspicious of everyone.

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Originally posted by Tom Thumb:

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The bank should know I'm honest because I've been banking there for almost 20 years.

I like my bank pretty well but they are suspicious of everyone.

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Originally posted by Tom Thumb:

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I guess they are most famous for the fake Rolex Watches.

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I have one of those!

Originally posted by hetfeild:

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I work for a data processor and check clearinghouse. I'm in the tech area, so I don't work around the check processing area too much, but from what I understand Canadian items are handled much differently than US items. There are special procedures for processing them.

Originally posted by Tom Thumb:

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The bank should know I'm honest because I've been banking there for almost 20 years.

I like my bank pretty well but they are suspicious of everyone.

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Its only going to get worse. Many of our customers (small community banks) are being told by their examiners that they must implement analysis systems for PATRIOT Act compliance. We are installing a system which will monitor accounts and alert bank officials if any "suspicious" activity occurs on your account. For example, let's say you write three or four checks a month, and for dollar amounts ranging from $10-$1000. This happens for years. Then, for whatever reason, you need to write several large checks in one month, say $7000-$10,000 (you've got the cash to cover them). Your account would be flagged for suspicious activity. I'm not certain what would happen with your account, but it could be frozen or investigated by law enforcement, depending on the circumstances.

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