How many times will SLC HQ attempt to deposit a check before returning as NSF?

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aclawson
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How many times will SLC HQ attempt to deposit a check before returning as NSF?

Postby aclawson » Thu Nov 03, 2011 1:40 pm

A donation check from a member was rejected for NSF on 10/25 and 10/27. Will SLC make any more attempts to cash? Per the documentation the check will be sent back to the member without any involvement from the local unit and will automatically make a correction in the records - the only question is how many attempts to deposit will be made before physically returning the check?

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aebrown
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Postby aebrown » Thu Nov 03, 2011 1:46 pm

aclawson wrote:A donation check from a member was rejected for NSF on 10/25 and 10/27. Will SLC make any more attempts to cash? Per the documentation the check will be sent back to the member without any involvement from the local unit and will automatically make a correction in the records - the only question is how many attempts to deposit will be made before physically returning the check?


I can't find a source for this, but my recollection is that CHQ will only try to deposit a check once. If it fails, they return the check.
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Mikerowaved
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Postby Mikerowaved » Thu Nov 03, 2011 2:48 pm

aebrown wrote:I can't find a source for this, but my recollection is that CHQ will only try to deposit a check once. If it fails, they return the check.

This is the way it used to work. The source was the instructions from CHQ that were included with the returned check.

aclawson wrote:Per the documentation the check will be sent back to the member without any involvement from the local unit...

Interesting. Looks like they changed to procedure a bit. I think it will keep returned checks a bit more discrete.
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aclawson
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Postby aclawson » Thu Nov 03, 2011 2:51 pm

Odd - they did try to deposit it twice.

crislapi
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Postby crislapi » Thu Nov 03, 2011 3:23 pm

Mikerowaved wrote:Interesting. Looks like they changed to procedure a bit. I think it will keep returned checks a bit more discrete.

This was one of the (many) changes introduced with CUBS.

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Postby lajackson » Thu Nov 03, 2011 3:32 pm

aclawson wrote:A donation check from a member was rejected for NSF on 10/25 and 10/27. Will SLC make any more attempts to cash?


The unofficial banking industry standard used to be to try twice. That would let many checks through that were racing deposits, and many banks would only charge one NSF fee for the double attempt. I do not know if that is still the practice, but I doubt that there would be any more attempts in this case.

If there is a serious concern, you could always inquire at LUS.


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