Step 1Write a short statement informing a bank of its liability when it deposits a customer's check...

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Step 1Write a short statement informing a bank of its liability when it deposits a customer's check in the wrong account.Three weeks ago, you deposited a $1,000 payroll check at your bank after having signed your name to the back of the check and writing the words "For Deposit Only—Account Number XXXXXXXXXX" immediately above your signature (Account Number XXXXXXXXXXis your checking account). Since then, you have discovered that the bank did not deposit the check in your checking account, but instead deposited the check in your other account at the bank, a "money market" account. As a result, you have "bounced" three checks totaling $583, and incurred $75 in bounced check fees. Write a 1 page letter to your bank advising them of your legal rights in this situation

Sarabjeet · Accepted Answer

Short statement to Bank
Short statement to Bank
Student Name
University Name
Unit Name
Unit Code
To Bank,
Subject: Informing the bank about its liability when bank deposits check of its customer in a wrong account.
Dear Sir,
I want to inform you that, I deposited my payroll check three weeks ago, which is of $1,000 at your bank with "For Deposit Only and Account Number which is 7852837" on the back side of my check. However, I discovered that bank does not deposit my check into checking account 7852837 however despite this I deposited my check in my other account, which is "money market" account. And because of your mistake or error,

Step 1 Write a short statement informing a bank of its liability when it deposits a customer's check in the wrong account. Three weeks ago, you deposited a $1,000 payroll check at your bank after...

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