Close friend of mine has a problem-
His mom took loan against whole life insurance policy for my friend, his sister, and brother. Each check is for about $4-5k. The money was all for him while mom goes to India for couple months and he promised to pay it back. When the checks arrived in mail he went and deposited in bank. Only the check payable to him was successfully deposited but the other two checks payable to his brother and sister were not. He called the bank and they told him these checks will be returned in mail because he cannot cash checks without his name on it.
His brother and sister both go to boarding school in Texas while he works and lives in NY/NJ area so having them sign the check or going to bank with them in person is not a viable option.
Any suggestions to cashing the check?
He thought about forging endorse signature of brother and sister on back of check but bank said they still have to be present with ID to process.
My friend banks with Bank of America and was suggested bringing in the checks to Chase(which is origin of check) with brother and sister endorse signature on back and try to cash there?
Maybe someone is familiar with check cashing store manager in NY/NJ that can overlook minor detail on legitimate check?
I told him that he could call his mom and her call Insurance company to place stop payment on two checks and have them resent payable to him. Is this an option?
His mom took loan against whole life insurance policy for my friend, his sister, and brother. Each check is for about $4-5k. The money was all for him while mom goes to India for couple months and he promised to pay it back. When the checks arrived in mail he went and deposited in bank. Only the check payable to him was successfully deposited but the other two checks payable to his brother and sister were not. He called the bank and they told him these checks will be returned in mail because he cannot cash checks without his name on it.
His brother and sister both go to boarding school in Texas while he works and lives in NY/NJ area so having them sign the check or going to bank with them in person is not a viable option.
Any suggestions to cashing the check?
He thought about forging endorse signature of brother and sister on back of check but bank said they still have to be present with ID to process.
My friend banks with Bank of America and was suggested bringing in the checks to Chase(which is origin of check) with brother and sister endorse signature on back and try to cash there?
Maybe someone is familiar with check cashing store manager in NY/NJ that can overlook minor detail on legitimate check?
I told him that he could call his mom and her call Insurance company to place stop payment on two checks and have them resent payable to him. Is this an option?