Ask Experts Questions for FREE Help !
Ask
    Megan McGavick's Avatar
    Megan McGavick Posts: 1, Reputation: 1
    New Member
     
    #1

    Sep 22, 2009, 04:33 PM
    Third party check being cashed at issuing bank with a garnishment against account.
    I pulled some money, $5000.00, out of my 401k plan because I was laid off and need some money to pay bills. I had a bank garnishment enforced which over drew my bank account. I never contacted the bank and consiquently the account was closed and I have another creditor on my back. Unfortunately the $5000.00 check was written on the bank I have the garnishment with. My question is if I go into a branch and try and cash the check will the bank have authority to keep my check? I would just endorse my check with my signature and I am sure I would have to provide my drivers license but is there any way by running my name and drivers license would it show in there system. I really need this money as the initial garnishment that started this whole mess is one of the bills I need to pay.

    Any help is greatly appreciated
    Megan
    DownUnder's Avatar
    DownUnder Posts: 492, Reputation: 24
    Full Member
     
    #2

    Sep 23, 2009, 09:48 AM

    I am a little confused if you drew the $5000 out of your IRA why didn't you cash it then and there when you withdrew it? Did you hold the check? Bad idea to ignore a bank garnishment.I know nothing about banking but I would quess they would question it, maybe some one with knowledge of things like this can better advise you

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Wage garnishment or bank account garnishment? [ 3 Answers ]

Hello. Where do I start? I was looking up my name in my local county court records because I'm paying off a debt of 800 plus interest that I do NOT owe. I saw that a judgement was entered for 10x that amount for a voluntary repo on a lease vehicle back in August of 2002. Luckily, I was in the...

Bank garnishment, can I cash a check at my bank or will they keep it? [ 6 Answers ]

Are banks linked or does the garnishment have to be sent to all banks? I have a debt and they haven't frozen my account but about once a month they do a garnishment and drain my account. My questions: Can I just cash a check at my bank or will they keep it? If I take my check to a...

Garnishment on Bank Account [ 5 Answers ]

My boyfriend checked is checking account and found an amount that had been deducted from his checking account. Turns out it is a garnishment. The garnishment is for a car that he had a loan on that had been totaled in an accident. He said that he knew that there insurance had paid for the car. ...

I settled my Debt--they cashed check but now Bank suing me! [ 2 Answers ]

If anyone could help me--or point me in the right direction it would be a great relief. Basically, I had a credit card with Chase bank--it went delinquent. They turned it over to a company called Mann Bracken (they're in Atlanta, GA). Mann Bracken filed with the National Arbitration Forum. ...


View more questions Search