🚀 go-pugleaf

In article <3413F3A5.1BFF@digex.net>, jamie@digex.net says...
>
>snip..  Of course I understand that
>a check would be honored if funds are available at the time it is
>cashed.  The original person deposited the check in their checking
>account at their own, non-Crestar bank.  It was returned due to
>insufficent funds.  That means, at the exact time that the check was
>delivered to Crestar, the Crestar account couldn't cover it.  The
>individual then took it upon himself to try to cash it personally at
>Crestar.  My problem with this is, if the check had just been rejected a
>few days earlier by Crestar (through the other bank), why would an
>individual believe that attempting to cash the check again would give
>any more joy?  The only difference between cashing at the issuing bank,
>and depositing it into your own account, is that you will know instantly
>whether the check will clear by doing it at Crestar.  If the account 
>(still) had insufficient funds to cover it, it would be rejected again.
>
>Certainly, he could get lucky.  Maybe the check issuer made another
>deposit.
>
>But normally, when you get a bad check (and it's not a "really" bad
>check - that is a forgery or closed account) - you call the check writer
>back and ask for another one.
>
>Jamie
>


well alrighty then...if the drawer of the cheque simply reissues another 
cheque but does not make a deposit to cover it, the new cheque will also 
bounce. Reissuance does not solve the problem. Money in the account does.
By your own admission, this is why you'd go to the drawer's bank.
  And certainly, going in to the domicile bank of the drawer is much more 
common than you think. Seeing this on a dialy basis, I know from personal 
experience that people do indeed check regularly to see if they can cash 
cheques that previuosly bounced when on deposit. I also have seen people 
being told to go to the domicile bank of the drawer when they want to 
cash a cheque for precisley this reason. 

   Another person had wondered why you would do this, as oppossed to just 
depositing the cheque to your account. Assuming the cheque in question 
would clear, by going through the clearing processes, it creates a huge 
paper trail. (Dealing with those is what I generally do.)
	By cashing a cheque at the drawer's own bank, the paper trail is 
limited grealty, consisting only of the voucher itself on file, or more 
commonly a micro-film copy of the voucher, front and back. This gets 
binned off somewhere with only some processing info stamped on it, and 
the payee's endorsement. 

   So, in the interests of privacy, which is what these discussions are 
intened to revolve around, it is a better solution than depositng the 
cheque. It helps to limit the extent to which your private business can 
be reconstructed. No records of deposits on your bank statements, no 
copies of the cheque in your home bank's records. etc. etc. etc.