Re: Checking on a check

Posted by Mike (WA) on July 18, 2011 at 16:05:26 from (69.10.196.29):

In Reply to: Checking on a check posted by Zachary Hoyt on July 18, 2011 at 09:49:45:

When I worked for the Farm Credit System (Production Credit Assn., back then in 1982), I had an account that was driving me crazy. Old gal had sold the collateral (a few Holstein heifers), but would give me a postdated check, then call before I deposited it and give me some cock and bull story about why it was no good, so I couldn't present it. This happened over and over again. Total amount was around $5,000.

Went one time, and she said she was getting the annual payment on a real estate contract next Monday, and wrote me a check for the full amount, dated next Monday. Happened I knew the contract buyer, so called him the previous Friday and asked if they were paying the payment to Mrs. X on Monday. Just as I figured, the payment wasn't due for several months. But he said "We're actually a little heavy to cash right now, so if you want us to pay it Monday, we can. Meet me at the bank at 10, when they open."

I went in to the office at 8 on Monday, told the secretary I was going to be out for awhile, would be back about 10:30. I knew Mrs. X would call, but didn't want her to be able to find me. Drank coffee for awhile, then showed up at the bank at 10. Contract buyer was there, and had the payment on the contract to be deposited to Mrs. X's account. I fell in behind him in line. When he left, I stepped up to the window, and presented the check for cash. Teller, who knew both of us very well, said "I don't even want to know what's going on here", and counted out the money to me.

Went back to the office with the cash, and told the cashier to pay Mrs. X's account in full with the cash I handed her. She looked at me funny, and said Mrs. X had been trying to reach me all morning. She, also, opined that perhaps it would be best if she didn't understand what was going on. Went to my office, and in a few minutes, Mrs. X was on the line. I said that, as she had promised, the contract payment had been made, and I had cashed her check and paid off the loan. She called me pretty much every name in the book, to which I inquired, "You're not trying to tell me that you gave me that check with the intent that it would bounce? That's a felony, you know." To which she opined that I was a worthless $0B, and slammed the phone down.

The most remarkable part of this is that a couple years later, she called me, all sweetness and light, and said they were going to buy a car, and would we like to finance it? I politely declined. . .

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