Check Made Out to Bank

mbmiles88 · #1 (**permalink**) 08-06-2009, 01:58 AM

Hi,
I have a checking account with Bank of America and I overdrafted a few times and ended up with a negative $250 balance. I didn't have the money to pay all the overdraft fees, so for my birthday my parents gave me a $250 check made out to Bank of America to pay off all the fees. Even though I had the check to pay off the fees, I decided to call Bank of America just to complain about the fees because Ive never had so many overdraft fees at one time. I'm glad I called to complain because they refunded all of the fees and I ended up having no overdraft fees. Now I am stuck with a $250 check made out to Bank of America from my parents. Is there any way that I can deposit this check into my account so I have the $250, or does the check have to be made out in my name? If not, then I am stuck with a check made out to Bank of America that I can't cash.

Thanks,
mbmiles88

sapphirecapital · #2 (**permalink**) 08-06-2009, 01:27 PM

go deposit the check it will be credited, endorse it in the back, use your ATM, no problem there

snickers · #3 (**permalink**) 08-07-2009, 12:25 PM

Why dont you show your parents how mature you are. Rip up the check and thank them for there kindness.

Kim_Mango · #4 (**permalink**) 10-02-2009, 03:57 PM

Have you considered using a prepaid debit card? You could ask your parents to fund one for you with the overdraft fee gift that they gave you. The beauty of such a card is that when the money is gone, you can't overspend. The card simply won't approve the purchase. It could be a great tool to use just for your spending money and leave the rest of your money in your checking account to pay for your household bills.

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