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 June 2006, Gay cashed the check but did not sign the release until later, although it was never delivered to GEICO.
Once the recipient of the Wells Fargo Financial instant loan check endorsed and cashed the check, the recipient and Wells Fargo Financial were bound by the terms specified in the loan documents that accompanied the check.
The IRS cashed the check and issued a deficiency notice for the difference.
At least 225,000 people cashed the checks in 1999 and 2000, but fewer than 2,250 customers actually used the service.
The suspects then cashed the checks into their own bank accounts, according to Plyler.
She cashed the checks at a check cashing service in Stockton.
Franz disputes the bank's figures, saying the bank still owes her about $3,550 because the forgers successfully cashed the checks, which later bounced because of insufficient funds.