Lost Checks - No Payee - Best Practice

[Mike or Penny Novack]

On 6/2/2015 2:38 PM, John R. Sowden wrote:
> My suggestion:
>
> A bank will charge a per check fee to "stop payment". They will not 
> guarantee the stopping of the payment and they accept not 
> responsibility for not catching it.

But whether *your* bank would consider this a "stop payment" is another 
matter. At least some banks would allow you to in advance have a range 
of check numbers made null (as opposed to a "stop payment" on each 
number). And if your bank wouldn't accept responsibility for making a 
"stop payment" work (except for the situation where that check clears 
before the stop payment goes into effect) maybe you look for another bank.

Your first action should be to check with your bank. Tell them what 
happened and ask what you should do.

Michael D Novack

PS: I speak from experience. We had a "missing bunch of checks" problem 
(in this case missing from our house) and our bank was willing to deal 
with the problem without charging us a "stop order" fee for each check.