Insurance: Geico cut me a check and i went to cash it but..?

  • by Leandra
  • Nov 10,2017
  • 6 answers

I went bank of America to cash the check geico gave me this afternoon. The bank manager says there are no funds on the check to call Geico. I called Geico and the lady said there shouldn't be an issue.
Is it possible the check cant be cashed or deposited til tomorrow? I was suppose to put money down on a car tonight and now I can't


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Insurance Answers (6)

Casey Y last week

Its a bank draft, not a check. You must deposit, you cannot cash it.

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lucy last week

Is the check from Geico on a BOA account? If so, then should be able to cash it.
But, since your bank is Wells Fargo, might be better to deposit the check, then write out a check from your account instead.
The biggest problem you might have is that (either) bank won’t cash, but (hold) it to verified it clears 1st and have seen in some banks, they could hold it up to 10 days. Here is something else you should know, that many banks dislike taking insurance checks due too many of them not be valid. The reason is, that say for instance the insurance issued the wrong amount, or to the wrong person/address (happens more than you realize), then the insurance does a stop check, then waits one day to re-issue the correct check.
So, here is your best solution, and when you cash/deposit the check, have the name of the adjuster, phone number, claim number etc to give to the bank teller to call them and then the adjuster can in fact state that this check is valid. If you can’t get the adjuster, then ask to be transferred to the supervisor or manager to confirm.
Over the years as a retired auto adjuster, have gotten phone calls from banks verifying that the check being presented is good, so then they will cash it.
good luck

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Tim last week

Was it a check or a draft. A draft can take up to a week to clear.

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babyboomer1001 last week

It sounds like you can't afford to buy a car. Checks are held from anywhere from 10 days to 14 days. You have to deposit it if you don't have funds in the bank to cover it that you don't touch and, sometimes, they will hold the check even if you do have funds to cover it.

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Insurance Pickle.com last week

That makes no sense. I'm kinda doubting Geico doesn't have money in THEIR account. Perhaps it is your account that they're not letting you cash the check against. You probably need to clarify. Just try depositing the checking and figuring out when the funds are available.

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exactduke last week

Is BofA your bank?? You don't cash checks, you deposit them. Go to your bank & deposit it. Wait the 3 - 5 days for it to clear.

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