I received a student loan check on Tuesday June 17th, I received it from Chase Bank, now I don't hold any bank accounts so I took the check to Chase Bank to dosh it. They asked for 2 piece of ID, and took a fingerprint. Then they cashed the check. Now on Friday when I was looking online at my chase student loan justification it says the loan be canceled (I am not sure why and I am sure it is there blame but they are not opened until Monday so within the meantime I am freaking out) My question is this, sense they didn't dissolve it until Friday, would the check that I cashed on Tuesday already have be paid? Or will in attendance be a stop payment on the check and not be compensated? I guess if the loan is canceled do you think that the student loan check as already be paid and I will have need of to contact the student loan department? Or do you think they issued a stop allowance in ample time, and the banking branch that give me the money never received payment from the check. and looking for me sense I hold funds?
Answers: If you cashed the check there is not a stop payoff on it. (unless the teller didn't look) They (chase) WILL be trying to contact you if the check is returned to them.
I wouldn't verbs too much about it. If the check be issued in error, or be supposed to be cancelled, the issuer will contact you. there is plenty of time to find out. You can nickname them during the week and find out. Stop all the worrying.
Do not spend the money and check on it first piece tomorrow. OK...you already cashed the check. So, you walked into a hill, took the check to the teller, give them your ID etc, and then you walk out with lolly in your mitt. Right? OK, if that is true, consequently you already have the change. My GUESS, and this is only a guess, is that once you cashed the check, the website for the loan probably updated (sometime inwardly that 3 day period) to show that you no longer enjoy access to THAT loan. Which is true. Once you cashed the check, they want to update their site so that you don't go put money on and think you enjoy ANOTHER loan waiting for you. Now, it is very possible that they did within fact try to abolish the loan. BUT, if you already have their money, isn't it a loan anyway? Unless I am totally missing something, it sounds close to you have their money already so it really doesn't event at this point. Just calm down and continue until Monday. The next 24 hours won't gun down you. I would call the student loan number...and basically say "I be confused to see that the website said my loan was canceled even after I cashed the check.Is this basically a technicality?"
I'm sure it is a timing glitch.
In all odds, if the check had a stop pay-out placed on it, Chase would have be aware of it at the time, since you indicate they are the paying bank for the check.
If you took the check to Chase, and they give you cash for it, later it has be paid.
If your loan have been cancelled, you probably are going to enjoy to make restitution to the lender. If it be a mistake, you can probably get it cleared up, but you might hold to give them fund the money while they work on your loan.
So, just to be locked, hang on to the funds and don't spend them. But you shouldn't be carrying around so much dosh, so why don't you find a nice community bank or credit grouping to join and unseal a free checking account?
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Answers: If you cashed the check there is not a stop payoff on it. (unless the teller didn't look) They (chase) WILL be trying to contact you if the check is returned to them.
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I wouldn't verbs too much about it. If the check be issued in error, or be supposed to be cancelled, the issuer will contact you. there is plenty of time to find out. You can nickname them during the week and find out. Stop all the worrying.
Do not spend the money and check on it first piece tomorrow. OK...you already cashed the check. So, you walked into a hill, took the check to the teller, give them your ID etc, and then you walk out with lolly in your mitt. Right? OK, if that is true, consequently you already have the change. My GUESS, and this is only a guess, is that once you cashed the check, the website for the loan probably updated (sometime inwardly that 3 day period) to show that you no longer enjoy access to THAT loan. Which is true. Once you cashed the check, they want to update their site so that you don't go put money on and think you enjoy ANOTHER loan waiting for you. Now, it is very possible that they did within fact try to abolish the loan. BUT, if you already have their money, isn't it a loan anyway? Unless I am totally missing something, it sounds close to you have their money already so it really doesn't event at this point. Just calm down and continue until Monday. The next 24 hours won't gun down you. I would call the student loan number...and basically say "I be confused to see that the website said my loan was canceled even after I cashed the check.Is this basically a technicality?"
I'm sure it is a timing glitch.
Can you use a valid U.S. passport contained by place of a driver's license / ID for a credit card?
In all odds, if the check had a stop pay-out placed on it, Chase would have be aware of it at the time, since you indicate they are the paying bank for the check.
If you took the check to Chase, and they give you cash for it, later it has be paid.
If your loan have been cancelled, you probably are going to enjoy to make restitution to the lender. If it be a mistake, you can probably get it cleared up, but you might hold to give them fund the money while they work on your loan.
So, just to be locked, hang on to the funds and don't spend them. But you shouldn't be carrying around so much dosh, so why don't you find a nice community bank or credit grouping to join and unseal a free checking account?
Resolved Questions: