Important Check Issues


Presented by: Mary Beth Guard

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Here's a shocking secret: Many of the check-related losses suffered by financial institutions are not due to decisions made by a teller, but are instead traceable to directives from management or a loan officer. Problems also arise when someone in the bank who hasn't had a recent fresher on the law of checks makes a legally unsupportable statement or decision. The law on checks should be well understood by every banker so that statements made to customers and actions taken are appropriate. In this fast-paced program, Mary Beth Guard lays out the complex rights, responsibilities, and proper courses of action for all parties to check transactions.

In this program, we will cover -
  • Why you never want to stop payment on a cashier's check
  • 5 dangerous deposit moves
  • The minimum requirements of a check
  • How to determine the amount for which a check is properly payable
  • Who needs to endorse various types of checks and how they should do it
  • Tips for spotting alterations and counterfeits
  • When a change to a check is not an alteration
  • What the different forms of endorsement are (blank, special, restrictive, anomalous), what they mean, and which should be used when
  • How to identify the proper payee of a check
  • How to tell if a check with multiple payees is payable jointly, or payable alternativel
  • The real scoop on old checks and how to talk to customers about them
  • What customers don't understand about stop payments
  • How a postdated check should be handled
  • How stop payments work
  • What the options are when something happens to a cashier's check or teller's check
  • Why special precautions should be taken when cashing checks for noncustomer payees
  • Deposits to closed accounts - No,No,No
  • Who is a "fiduciary," when you would be on notice of a breach of fiduciary duty, and why it matters.
  • What to watch out for in a split deposit transaction
  • Things to watch out for with powers of attorney, including special rules for U.S. Treasury checks
  • Special handling suggestions for official bank checks
  • When it's appropriate for checks to be payable to your institution, and when it's not
  • Whether it's ever a good idea to cash checks payable to businesses
  • The challenges involved in accepting third-party checks
  • How to identify foreign checks and what to do about them
Who Should Attend:
This training is appropriate for all bank employees. It is a great refresher for tellers and teller supervisors, but particularly designed for other employees of the institution.

About the Speaker: Mary Beth Guard is one of the four co-founders of BankersOnline and is now Editor Emeritus, after more than 16 years of serving as Executive Editor. She was instrumental in the creation and expansion of BankersOnline, as well as the launch more than a decade ago of BOL Conferences, Inc. and its continued operation and growth. Mary Beth is also the director of, the premier subscription-based compliance service now being offered online. Also, Mary Beth serves as CEO of Glia Group, Inc., which produces BOL Learning Connect. For more than three decades, Mary Beth has utilized her background as an attorney to focus on banking industry issues, first as general counsel for the Oklahoma State Banking Department, then as general counsel for the Oklahoma Bankers Association, prior to her work with BankersOnline.

Mary Beth has presented training programs for virtually every major national financial industry association, as well as more than a dozen state bankers associations and a host of other organizations. She is a frequent presenter of webinars and seminars. In addition, Mary Beth has written more than a thousand banking-related articles and is BOL Guru #1.

This program was recorded in its entirety in July 2019. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_checks0719
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Thursday 10 May, 2018.

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