Cash a Check

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Cash a Check

To deposit a check at a bank other institution and to receive cash in exchange. For example, suppose Joe writes Bob a check for $10. Rather than place the check in the bank, Bob may go to his bank, present the check, and receive $10 in cash. The bank then directs the check to Joe's bank and receives $10 from Joe's account to compensate itself for the cash it gave to Bob.
References in periodicals archive ?
In May 2006, before cashing the check or signing the release, Gay contacted a Burkey employee and asked whether he should cash the check.
If Gay advised Burkey of his potential settlement and Burkey told him to cash the check, the Association is estopped to deny coverage under the policy because notice to their agent, Burkey, was notice to the Association.
It is unclear in this case whether Burkey's employee told Gay to cash the check, but not to sign the release.
If Gay was not advised by Burkey to cash the check, another issue remains: whether the settlement with GEICO prejudiced the Association.
Hammond said he had not realized city officials were planning to cash the check immediately and had been expecting a wire transfer to come into his account soon after he wrote the check.
To collect their winnings, victims are instructed to deposit or cash the check, and then either mail or electronically transmit the equivalent amount of money to an address in Canada.
To collect their winnings, victims are instructed to deposit or cash the check, and then send the equivalent amount of money to an address in Canada.
Sidney Benaske, 24, of Canyon Country also faces felony charges of burglary, forgery and receiving stolen property for attempting to cash the check.
Checks are sent directly to the couple, who in turn cash the check and deposit the money into the Pioneer Savings account.
The bank, with 321 locations throughout Louisiana and Texas, worked with recipients to cash the checks or open accounts into which they could deposit the funds.
Wal-Mart and Home Depot are gearing up for the windfall by offering to cash the checks if consumers make a purchases at the stores.