Overloading checks

Question

I recently went to the bank to deposit several thousand checks I saved up.
They refused, told me to contact corporate.
Is this normal? Do banks have some limit on accepting huge amounts of checks for a personal account?
I'm pretty sure a normal bank branch only processes a few checks a day so any more would be overwhelming.

D Stanley · Accepted Answer

A teller may have a limit on how many checks that he or she can process, but an entire bank can get thousands of checks per day from businesses that make daily deposits. There may also be a limit on personal accounts; you may need to set up a business account that includes check processing (probably not for free).
I would to what they say - talk to the branch manager first and see what they recommend. They should give you the name of someone in "corporate" that you can contact to help you deposit those checks. If you get nowhere, try a different bank. They may want you to open a new account, and may not process all of the checks for free.
That said, they might be wary of this being some sort of fraud since it is very unusual, so you may have to do some convincing that this is legitimate (assuming it is, of course...)

Iaroslav Karandashev · Answer

If checks are small - I would suggest to try Mobile Check Deposit offered by your banks Mobile App.

mhoran_psprep · Answer

Do banks have some limit on accepting huge amounts of checks for a
personal account?

You have to check with your bank regarding limits on personal accounts.

They can limit the number of checks.
They can put a hold on the money if the amount is over a daily limit.
They can limit the number or size of transactions deposit by ATM
They can limit the number or amount deposited on a daily basis vie remote deposit systems.

The bank does have another way, they can require you to use a business account. The fee structure and limits of a business account will be different.

Simon B · Answer

It's extremely unusual for an individual to have thousands of checks.  So the chances are that they either think you are involved in some scam, or else are running a business through a personal account.
It sounds like you are going to contact their HQ to explain why you are trying to process so many checks in one go.

Overloading checks

4 Answers

Add your own answers!

Ask a Question