Hi
My husband to be. Is having a problem with getting a bank account . And we have paid the collection agency that we needed to pay . But it takes 30 to 90 days to fix. But we need the money now . I was wondering if he could sign th check over to me and I deposit it in my account. While the bank le us do that.

Thank you r

It would depend upon what type of check it is. Regulations for handling insurance checks and tax checks differ from that of other types of checks.

It really depends on what kind of check you have, and the bank/state in which it is drawn.

I am guessing that your husband had a small overdraft on his account and abandoned the account for a period. In this instance the bank will usually freeze the account, and/or "charge off" the deficit (take as a loss) - in this case, it seems the account is frozen and requires a payment to reinstate the account.

This can take a while, as the bank will require that the check is paid by the paying bank. "In state" checks still usually take 3-5 days to clear, even if usually your bank makes the funds available to you sooner. The reason your bank is stating such a long period, is that they will actually physically ship the check to that department, image the check and then forward the physical check to the paying bank for payment. They will then do some account maintenance requests to reopen the account.

If you need the money in a hurry, you could feasibly ask the check maker to stop the original check and issue you a new one. You could then cash the check at the paying bank in person with I.D and normally pay a small fee. The old check would then bounce, and you could pay off the balance at a later date.

It is a good idea to pay off the overdraft though, as the bank may report this to a bureau i.e. - Chexsystems and this will make it nigh on impossible to open a bank account anywhere else regardless of the institution.

And a short answer -Most banks are also wary of 'third party checks" I.e - endorsing/signing checks over to someone else..

The maker of the check intends to pay the payee... if the payee wishes to pay someone else - then they should do so! - leave the original check maker out of it!

Just go to the paying bank as a **non-customer** - and cash the check!
If the bank is not around - bite the bullet and go to Amscot or other check cashing place..

Hope this helps...