Signing over a check to a friend so he can cash your payout....

[john49ers]

Is there any risk and by risk i mean the check bouncing or not going through... If i sign a check over to a friend should it work with no problem i only ask because i dont have a checking account... Anybody do it before?

[wtt0315]

a lot of banks wont cash it this way. we got my girlfriends mothers check the other day and even with her signing it over near wells fargo or chase would let her deposit or cash it because her mothers name was not on the account. Is there risk of course.. check bouncing is not uncommon you can search for threads and see it happens. if you dont have a checking account i would suggest not getting a check. if you go open a new account honestly a lot of banks probably wont cash a check from offshore because its usually canadian or something weird and you are a new account holder.

[ehp6737]

This is a very bad idea. Even with A books there is always a chance it can bounce. It's not uncommon for a book to have a "processor issue" and have checks bounce. Furthermore, in some cases weeks can go by before it comes back as "bounced" even though the bank may have already cleared the funds as a courtesy. You dont want to take the chance of putting your friend in a bad position. Take it to a check casing place before you deposit in someone else's account

[john49ers]

I brought it up because I'm now with a new book, i did it in the past but it did work because a friend of mine is a head teller there so I'm sure him working there and being a manager helps doesn't it?

[5mike5]

i would suggest getting ur monry through p2p withdrawls..very easy and very safe...most every book offers them..

[azn624]

i would suggest getting ur monry through p2p withdrawls..very easy and very safe...most every book offers them..

Though the limits are lower. It's great when they send money orders instead of a check.

[5mike5]

thats true, but like 5D u can get 1 of each per week so thats a decent amount every week...i dont use banl account either so thats what i do

[john49ers]

yea heritage is only 799 p2p very low

[5mike5]

5dimes is 690 and 950 max. but u can do 1 of each every 7 days which is a decent amount in my opinion

[SBRMAN23]

5 dimes has on there page now were u can withdraw more p2p I think its 2500 I'm sure its called the green option the red option is were u can only take out 700 and the fee is 110 its on there payout page

[5mike5]

i got a max from both today mngrm today and max is 690 at 5D fee was 52 for the max....the other is 950 man and a flat fee of 30 bucks no matter the amount the the amounts and fees on the 5D page are way behind what they are now they should change them

[5mike5]

so 52 is the fee for max on wakmart type and 30 flat fee is the fee no matter the amount on other just in case any1 needed to know what they are now

[5mike5]

and in my opinion those are flat out CHEAP

[john49ers]

I brought it up because I'm now with a new book, i did it in the past but it did work because a friend of mine is a head teller there so I'm sure him working there and being a manager helps doesn't it?

Im sure i have an advantage don't you think like i said i did it in the past no problem my friend is a manager at a bank so I'm sure it will work again

[wtt0315]

yes that helps a lot but if the check bounces you will start getting calls from different departments so could get them in trouble. When betjam was around most people didnt know but you could call and ask them not to send the check from the canandian bank. I would get a check from bankoamerica from jamaica. I could think take it to the local BkofAma and cash it for 5 dollar fee. Betjam told me that they used two seperate banks because 1 day i got a canadian check and my local bank wanted 37 buisness days plus a crap load of paper work to clear it because they said 90 percent of checks from canada are fake.

Im sure i have an advantage don't you think like i said i did it in the past no problem my friend is a manager at a bank so I'm sure it will work again

[john49ers]

yes that helps a lot but if the check bounces you will start getting calls from different departments so could get them in trouble. When betjam was around most people didnt know but you could call and ask them not to send the check from the canandian bank. I would get a check from bankoamerica from jamaica. I could think take it to the local BkofAma and cash it for 5 dollar fee. Betjam told me that they used two seperate banks because 1 day i got a canadian check and my local bank wanted 37 buisness days plus a crap load of paper work to clear it because they said 90 percent of checks from canada are fake.

thanks for posting and for the answers I'm pretty sure the last actually positive that the last one i gave was a candian check i actually brought it to two different checking places 1st and had arguments with them because they kept saying it was fake lol

[BET THE HOOK]

Just open a savings acct if you can't get checking and deposit it yourself.

[marcojuiceman]

I did it last year with sportsbook.ag and it worked for me

[CollegePro]

it's all depend on manager's decision... But most major banks does not take double endorsed checks anymore.