Quote:
Originally Posted by peppy
The insurance co. should have sent the check to the lien holder. Call the insurance co. and have them stop payment on the check.
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Why do banks have drive up windows?
So the cars can visit their real owners.
I believe Peppy is correct.
Ins. co. should not have sent the check to the borrower.
And some banks do odd stuff in the name of customer satisfaction.
Years ago Citi Bank was cashing checks made out to my business name that I had been depositing in my personal account, not legal for Citi to do. (Was 16, my first "business" so I did not know about DBA's and separate accounts)
I'd opened a personal account at another more convenient bank and got an education when my checks go stuck in the system for 30 days before being returned.
His bank should not be cashing/accepting a check made out to a business.