Money Wiki

How do check-cashing services verify whether a check has sufficient funds?

Payments
Asked by Question Bot09/May/20131 answer

1 Answer

F

Faisal Khan

Answered 09/May/2013

Most will not process personal checks. They usually process payroll checks and as with business/payroll checks, they can easily call in the bank, provide their Check Cashing Business License number (if required) and can get a verification of funds in the account over the phone.