QUESTION
Bank deposit check for two days and after the two days they cleared the check. I did not know it was fake.
Asked on Aug 23rd, 2012 on Business Litigation - Arkansas
More details to this question:
On 8/14/2012 I deposit a check saying I won the National Lottery and I had to call Jason Berry to verfiy it. My bank let me put it into my account and they cleared the check on 8/16/2012. If the check was fake than why come the bank let it clear? So I feel it is on the bank and not on me because the bank had two days to check out the check and they did not. They let it got through and they release the check on 8/16/2012 and now the bank want me to pay back money that I did not know nothing about and my bank is suppose to protect me against something like this but they did not.
1 ANSWER
Reviews not shown
1 Award
Under the Uniform Commercial Code, as a depositor of the check, you impliedly warranted that the check would be collectible. The burden of the returned check falls on you, not on your bank. Your bank owed you no duty to determine, in advance of your deposit or subsequent withdrawals, that the check would be valid -- that was your duty. You must repay the money.
Answered on Aug 23rd, 2012 at 7:23 PM