Cash a Check

(redirected from Cashed the Check)

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.
She registered at the customer service desk, cashed the check, and left.
When the maker got back to the store manager, however, it turned out that the woman who cashed the check was fired from the company a week earlier and stole a bundle of payroll checks before she left.
After holding the June 17 check for several months, the vendor cashed the check, crossing out the words "Payment in full" and "Full statement of account to follow.
Assuming there was an accord, [vendor's] bid to prevent a satisfaction by accepting the check but scratching out the restrictive endorsement and adding the words 'without prejudice' before he cashed the check was to no avail, for under the revised version of the UCC, words of protest cannot change the legal effect of an accord and satisfaction.
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.
Thereafter, GRIFFITHS either cashed the checks at CCBT, deposited the checks into an account that he controlled at CCBT, or purchased cashier's checks, after which time GRIFFITHS spent the proceeds for his own benefit.