How To Deposit Cheque In Sbi

[Vickiana Sconyers]

While personal checks do not technically expire, banks have the option to refuse payment if a check is older than six months. With so many convenient ways to deposit a check, avoid this deadline by depositing or cashing it as soon as possible after you receive it.

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Mobile check deposits are subject to verification and not available for immediate withdrawal. Other restrictions apply. In the Mobile Banking app menu, select Menu > Help > Browse More Topics > Mobile Check Deposit for details and other terms and conditions. Message and data rates may apply.

You can deposit a cheque into your account from anywhere by taking a picture of it using an app on your smart phone or tablet. Many financial institutions in Canada now offer this service. This process is known as a remote or electronic deposit.

My friend has received a cheque for 35.30 but is very ill and unable to walk to a place where he can cash it. He has asked me to cash the cheque on his behalf but I don't know what the rules of this procedure is. Would I be able to do this for him? And what would I have to do in order to do this? What identification would I need? What do I do if there's any problems with completing this task for him?

It's possible to cash cheques by post. When I did this, it involved filling out a "paying-in slip" (I had a book of these provided by the bank) and posting the cheque together with the slip to an address provided by the bank. You could also bring the paying-in slip and the cheque to a branch and deposit them there, and it wasn't necessary that you were the account holder, just that the details on the slip matched the account you were paying into.

I Googled "paying-in slip" and found the instructions for HSBC as an example: Paying-In Slips. It explicitly mentions that you don't need to be the account holder to do this, and moreover there are even blank slips in the branch, which you just need to fill in with the correct account details. I think the procedure is much the same for other banks, but presumably you could check the relevant bank's website for specific guidance.

Probably the best the OP can do is pay in the cheque on the friend's behalf (as described in Ben Millwood's answer) and then either lend the friend some money until they are mobile and can get some cash to repay the OP (or have the friend write one of their own cheques which the OP can pay into their bank account).

1 As mentioned in the last section of the rules on crossed cheques, the only exception is that designated "Cheque cashing shops" have special arrangements to deposit cheques which they have cashed (after deducting a fee). However, they would (should?) require proof of identity (of the original payee) and so are unlikely to be of any help (and probably not worth the cost for 35). Having said that, I've never used one, so have no idea how strict they are in practice.

Anyone can walk into a bank, say "Hi, I'm a messenger, I have an endorsed check and a filled out deposit slip for Joe Blow who has an account here, please deposit this check for him, as he is incapacitated. Straight deposit." They'll fiddle on their computer, to see if they can identify the deposit account definitively, and if they can, and the check looks legit, "thanks for taking care of our customer sir." Of course, getting a balance or cashback is out of the question since you are not authenticated as the customer.

If the friend does not have an account there, then s/he should maybe open an account at an "online bank" that allows deposit by snapping photos on a phone, or phone up a branch, describe her/his situation and see if they have any options.

Alternately, s/he could get a PayPal account. Or get one of those "credit card swipe on your phone" deals like Square or PayPal Here, which have fees very close to nil, normally cards are swiped but you can hand-enter the numbers. Those are fairly easy to get even if you have troubles with creditworthiness. S/he would need to return the check to the payer and ask the payer to pay her/him one of those ways. The payer may not be able to, e.g. if they are a large corporation.

A last possibility is if the check is from a large corporation with whom s/he continues to do business with. For instance, the electric company cashiers out your account after you terminate service at your old location. But then you provision service at a new location and get a new bill, you can send their check right back to them and say "Please apply this to my new account".

If s/he is unable to get any of those because of more serious problems like being in the country illegally, then, lawful behavior has its privileges, sorry. There are lots of unbanked people, and they pay through the nose for banking services at those ghastly check-cashing places, at least in America. I don't have a good answer for how to get a check cashed in that situation.

If the cheque is not crossed, then your friend can write "payable to [your name]" above his signature when he endorses it. If it is crossed, you'll have to deposit it into his account. Given that one can deposit cheques at ATMs, this shouldn't require his presence. Just make sure he endorses it before you leave! It also might take a few more days to clear.

Now, I'm having an issue related to cash receitps and bank deposits. When I post a cash receipt using cheque as payment and posting it without using a batch, the receipt doesn't show up in the bank deposit entry window; however when I enter a receipt as cash it does show and what is strange is that when I enter a receipt as cheque and post it using a batch it DOES appear in bank deposit entry window.

If you voided MC payments from Payables, then that information would be in the MC020103, CM20200, PM30200, & PM30600 tables. You could review these tables to ensure all of the information is correct in them. Most likely the problem is going to be in the MC020103, but I am just speculating by your description. I would need to see table results of the payments to confirm the best approach to tackling this and to do that you would need to open a support case.

I'm still trying to find a work around this issue, if you have any idea how to fix these voided payments please let me know. Do you know which tables voided payments use in case I can fix the issue through SQL.

As far as I know, we don't have any open bugs on Cash Flow Management that seem to be causing an issue like what you are encountering, but from what Leslie mentioned from her client it can cause issues. If you don't use the module or plan to use it in the future, you could also remove it from Add/Remove or just remove it from the DYNAMICS.set file. Just make sure you have a copy of the DYNAMICS.set file prior to making any changes to it in case you need to revert back to it.

For the missing cash receipts, you'll have to enter them manually in Bank Rec. You can enter one big deposit without receipts that totals the amount of the missing receipts by going to Transactions>>Financial>>Bank Deposits or you can enter in individual receipts by going to Transactions>>Financial>>Bank Transactions. Choose Enter Receipts and then your Type which will allow you to enter in each missing receipt. Then you can go back to Bank Deposit Entry and Deposit the receipts. This will be a lengthy option.

Both options should update the current checkbook balance once deposited. Make sure you do not post through to the GL if you enter Bank Transactions as this will create GL batches. Most likely your cash account balance was updated when the cash receipts GL Batch posted from RM. You'll want to verify that because you will not want to post to the GL twice. If the cash account/GL is correct, then be sure to delete any batches created from Bank Rec as you don't want to update the GL again.

Try temporarily disabling Cash Flow Management through Customization Status to see if that truly is the cause. You can do this through Tools>>Customize>>Customization Status. Test out the issue once the module is disabled to see if the issue persists.

Yes, I do have Cash flow management installed. Actually, recently I entered new keys and I clicked on validate and register All. I'm not sure whether this module was enabled or not before I enetered the new keys.

I have tried all banks. HSBC is British and refused to assist with cashing any cheques or dealing wit individual customers. Paypal is supposed to cash cheques and I wait for an answer from technical dept. I have an account with an international Bank, UNICREDIT Bank, and they refuse to cash or deposit cheques. No, HMRC refuses to wire the money. The cheque is useless and the only I can work out is to travel to UK and I will be able to cash it in any bank. But I don't want to do that just to cash a cheque. Perhaps a broker or soliciter can do it for a fee if they have a British based bank account. I'm still waiting for one to give me an answer. It looks like they are not interested in earning a few hundred pounds for a few minutes work.

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