Another thing to be careful of when cashing a check for someone else is the check bouncing. Frequently Asked Questions. Tips. If you lost it, that's not their problem. I lost my paycheck. Some banks waive fees for customers who have certain types of premium accounts,   and others don't charge a fee if the checks that were lost or stolen were You should be prepared to pay the fee to stop the check, and you may need to pay it again if you have not found the missing check when the six-month hold expires. Employers who pay cash may wish to get signed receipts from employees that they received the payment. They can put a stop on your check, so that there is no way a thief will be able to cash it. A check payable to cash is (more or less) similar to cash—anybody can use it, assuming the check doesn’t bounce. Employers can't deduct money from employee pay without their consent. Follow edited Jul 19 '15 at 2:05. – Jay Nov 7 '17 at 18:58 The bank and your employer should be insured so no one should be out any money. The good news is that most employers have well-established procedures for replacing your check. This will mean that you won’t be able to open a new card yourself until thirty days have passed. By the time I realized this (at the bank searching my pockets) my office was closed, and no one is there over the weekend. Popular Topics . You can request a new copy from this person, though they may require a formal request in writing for their records. Paying a cheque in to a bank account under a different name is different however; most likely the cashier/teller wouldn't allow it, but I have on occasion been able to pay in cheques to my company account that were made out to me personally simply by asking nicely. In some cases, a blank endorsement isn't sufficient to create a negotiable check. 5. This would be done by having the payee endorse the check (sign the back) and below that write "PAY TO THE ORDER OF JOHN SMITH", and then John Smith can endorse and then cash or deposit the check. However, when payroll is handled by a third-party processor, there may be no alternative to waiting until the new check arrives in the mail. Since many workers live from paycheck to paycheck, when one is lost or destroyed it can be a traumatic experience. Small Business Obtaining Financing Entrepreneurship 101 Basics Freelancing & Consulting Operations. If you receive direct deposit to your bank account, it’s possible that your bank account information is listed on your paystub. Once the stop-payment has been verified by the bank, the employer will typically issue a new check. Copyright 2021 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Q. You bank may offer an emergency cash service, in the event that your card is lost or stolen, but in this case you need to report to your bank that the card is in fact, lost. Vanderbilt University: Lost or Stale-Dated Paycheck Procedure. 111 1 1 gold badge 1 1 silver badge 3 3 bronze badges. When it comes to what percentage of your paycheck you should save, financial advice can vary depending on where you look. The issue comes up when a pay period doesn't end on the last day of the year. 100% satisfactionwe care about your satisfaction. When a customer visits a check cashing business to cash a check, he must provide his government issued identification and take a picture in some cases. If you're like most of us, you cash or deposit your payroll check very shortly after you get it. State and federal taxes, Social Security (FICA) contributions, Court ordered wage garnishments or income assignments like child support. 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