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Posted by Jay on July 27, 2008, 1:52 pm
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Hi,
I am staying abroad and I have received the stimulus check from the
Treasury. I do have a bank account in the US. Usually, I ask my
friend to deposit any checks I receive into my account. However, my
bank's customer service person told me that an IRS/Treasury check must
be deposited in person by me at a branch!!! Is this correct (I suspect
that the he was not well informed)? Don't people deposit these US
Treasury checks in their bank's drop-boxes or in the ATM machines?
Thanks.
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Posted by Phil Marti on July 27, 2008, 2:13 pm
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"Jay" wrote:
> I am staying abroad and I have received the stimulus check from the
> Treasury. I do have a bank account in the US. Usually, I ask my
> friend to deposit any checks I receive into my account. However, my
> bank's customer service person told me that an IRS/Treasury check must
> be deposited in person by me at a branch!!! Is this correct (I suspect
> that the he was not well informed)? Don't people deposit these US
> Treasury checks in their bank's drop-boxes or in the ATM machines?
I hope you're young and, thus, not well versed in dealing with banks, where
the level of bureaucracy puts the government to shame. Just have your
friend sign your name and deposit the check in your account. The bank isn't
going to blink.
And yes, I deposited mine through the ATM.
--
Phil Marti
Clarksburg, MD
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by dpb on July 27, 2008, 3:52 pm
Please log in for more thread options Phil Marti wrote:
> "Jay" wrote:
>
>> I am staying abroad and I have received the stimulus check from the
>> Treasury. I do have a bank account in the US. Usually, I ask my
>> friend to deposit any checks I receive into my account. However, my
>> bank's customer service person told me that an IRS/Treasury check must
>> be deposited in person by me at a branch!!! Is this correct (I suspect
>> that the he was not well informed)? Don't people deposit these US
>> Treasury checks in their bank's drop-boxes or in the ATM machines?
>
> I hope you're young and, thus, not well versed in dealing with banks, where
> the level of bureaucracy puts the government to shame. Just have your
> friend sign your name and deposit the check in your account. The bank isn't
> going to blink.
>
> And yes, I deposited mine through the ATM.
If the account is in the name on the check and it is all deposited w/ no
request for return cash, etc., I'd be surprised any bank would actually
require a signature at all.
I'd recommend a "For deposit only" endorsement over asking the friend to
sign a wrong name (even for a noble purpose :) ) what's he going to do
when/if they would ask for id at that point? Now he's got a problem
that will be much harder to unravel.
If OP still has the check in his possession, I'd suggest simply mailing
it w/ the above endorsement to the bank (can't take much if any longer
to get it there than to the friend, anyway, unless he's there visiting
or something, in which case he can take the endorsed check w/ him).
$0.02, imo, ymmv, etc., etc., ...
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Stuart A. Bronstein on July 27, 2008, 7:59 pm
Please log in for more thread options > Phil Marti wrote:
>>
>> I hope you're young and, thus, not well versed in dealing with
>> banks, where the level of bureaucracy puts the government to
>> shame. Just have your friend sign your name and deposit the
>> check in your account. The bank isn't going to blink.
>
> If the account is in the name on the check and it is all deposited
> w/ no request for return cash, etc., I'd be surprised any bank
> would actually require a signature at all.
Banks are allowed to take checks without endorsements, but they are not
required to.
> I'd recommend a "For deposit only" endorsement over asking the
> friend to sign a wrong name (even for a noble purpose :) ) what's
> he going to do when/if they would ask for id at that point? Now
> he's got a problem that will be much harder to unravel.
It is permissible to allow someone to sign your name for this purpose.
Even without a power of attorney or authority in writing, the authority
legally makes it your signature.
Stu
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Harlan Lunsford on July 27, 2008, 11:17 pm
Please log in for more thread options Stuart A. Bronstein wrote:
>
> It is permissible to allow someone to sign your name for this purpose.
> Even without a power of attorney or authority in writing, the authority
> legally makes it your signature.
It is? I've always told my clients never to forget a signature.
did they change the law?
ChEAr$,
Harlan
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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