Pipes
Footballguy
Here's the scenario. Employee says they lost a paycheck. Look online to verify that check hasn't been cashed. Put a stop payment on the old check and issue a new one. Employee is "let go" about a month later. Fast forward a couple of months and our company is getting call from a collection company saying we owe them a $277 debt for a check cashed and returned at Walmart. So after this employee was let go he "found" the check and cashed it at Walmart. Because we put a stop payment on it our bank rightly refused to process the check so Walmart didn't get paid. So rather than them eating the $200 and some odd dollars, because they took the risk they sent it over to collections for us to pay since our name is on the check. At that amount it's not worth bringing in an attorney nor is it really worth spending any more time on this than I already have. I'm just wondering what's the point of even putting a stop payment on checks (other than banks generating more fees) if this kind of crap can happen? It just angers me that the company generating the fees off this check cashing service aren't the ones assuming the risk.