| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 622.1 | | CVG::THOMPSON | Radical Centralist | Wed Dec 02 1992 09:31 | 6 |
| I don't off hand know of any bank that cashes checks for people without
accounts. I never knew the DCU would, in the past, do so either though.
I'm surprised that the NCUA says we can't. After all doesn't the company
that writes the checks, Digital, have an account with us?
Alfred
|
| 622.2 | | EDWIN::WAYLAY::GORDON | You might like the gypsy life | Wed Dec 02 1992 10:13 | 10 |
| In my experience, banks would cash a check for you if:
1) You had an account with the bank
or
2) The check was drawn on that bank
--Doug
|
| 622.3 | | SCAACT::AINSLEY | Less than 150 kts. is TOO slow! | Wed Dec 02 1992 10:18 | 6 |
| re: .1
Perhaps there is something in the NCUA by-laws that govern CUs that
prevents them from serving non-members.
Bob
|
| 622.4 | Preserving the CU distinction? | MUDHWK::LAWLER | Employee says 15000 analysts must go! | Wed Dec 02 1992 10:33 | 10 |
|
If I had to venture a guess, I'd say the restriction is to
prevent CU's from serving non-members, thus preserving the fine
regulatory distinction between a CU and a "normal" bank.
(The fact that no bank would willingly offer this service is
another issue...)
|
| 622.5 | | GUFFAW::GRANSEWICZ | | Wed Dec 02 1992 10:58 | 9 |
|
RE: .1
Digital's payroll accounts are not with DCU to my knowledge.
RE: .4
You hit it right on the head.
|
| 622.6 | the numbers game | XLIB::SCHAFER | Mark Schafer, ISV Tech. Support | Thu Dec 03 1992 10:51 | 2 |
| The rule also promotes CU membership, something that the NCUA probably
likes! :-)
|
| 622.7 | waht if it's payable to member and non-member? | CARAFE::GOLDSTEIN | Global Village Idiot | Tue Dec 08 1992 17:21 | 2 |
| Is this being used also as an excuse to refuse two-payee ("and")
checks, for deposit, in which one of the "and' parties is not a member?
|