Do banks verify checks before cashing?

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asked Mar 24, 2020 in Other-Finance by Ronnin898 (310 points)
Do banks verify checks before cashing?

1 Answer

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answered Mar 24, 2020 by lulumeon (40,870 points)
Banks do verify checks before cashing them to make sure the check is good and to make sure the check actually has money available from the checking account holder.

Some banks may call up the bank on the check and verify that the funds are available before cashing or some banks may just have a machine that they run the check through to immediately take the money out of the account.

My bank has the machine where they run the check through which automatically debits the checking account holders account for the money.

Then that way the bank immediately gets the money and then they can give me the money when I cash the check.

The same thing happens when I deposit the check into my checking account as well.

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