From: Brenda Botten (bbotten@linfield.edu)
Date: Wed Jun 06 2001 - 20:38:01 EDT
We have a returned check fee of $20.00 per item. We do cash checks for
students, both personal and third party. Since the student recieved the
cash for the check, if it is returned, the charge goes to their account
along with the fee. I write the student ID # on the check so it is easy
to identify if it is returned. I would be limited only to the amount of
cash on hand.
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Brenda Botten
Cashier mon-ey /mun'e/ 1.coins and paper currency issued
Linfield College by a government and used as a medium of exchange.
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On Wed, 30 May 2001, Sanders, Ron wrote:
> We have students who do not have local bank accounts and receive checks from
> their parents or grandparents and cash them with our Cashier's Office. We
> are in the process of revising our check cashing policies and want to see
> how other schools are handling the cashing of third party checks.
>
> 1) Does your school cash third party checks?
>
> 2) If so do you go after the maker or last endorser if the check is
> returned?
>
> 3) Also what is the limit that you will allow a student or employee to cash
> a check?
>
> Thanks for your input!
>
> Ron Sanders
> Director of Student Account
> UNC Charlotte
> 9201 University City Blvd.
> Charlotte, N.C. 28223-0001
> (704) 687-4087
>
>
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