Rates Current as of Friday February 10, 2012

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My bank paid my largest check first and then the smaller ones. Doing so created more overdraft fees on my account. Why did the bank pay in this order? »

Can A bank pay a check after a stop payment is placed on the check?

Generally, banks honor a stop payment request. If you properly record a stop payment order and the bank cashes the check, the bank may be liable for the cashed check. However, the bank may not be liable if you fail to provide enough information to identify the check or you fail to provide sufficient notice to implement the stop payment order. A written stop payment order often expires after 6 months. It can be renewed for another 6 months. If a stop payment order is issued orally and is not confirmed in writing, it expires after a period of 14 calendar days.

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