""non negotiable" written between them..this ensures that no bank will cash the cheque unless it is for that specific person or company"...
huh? Writing "Non-Negotiable" on a check makes the check void, so that it can't be negotiated by anyone.
Anyway. This is actually sad to hear. When a CC Company receives a check, in all honesty, a human doesn't even look at the check. It just gets processed. Everything is so automated, the check will probably never get looked at. What happens is, the check gets run through a series of scanners that look for the amount.
CC Companies DO NOT go through a bank. Again, CC companies do NOT go through a Bank. There isn't a bank involved in this. Most larger companies ARE the bank. Hence, Capital One, for instance, is legally known as "Capital Once Bank, N.A.", JP Morgan Chase, and likewise.
Now, luckily you caught the error. It's too late to put a stop-payment on your check if it has already cleared your bank. Go to your Bank, and explain to them what happened. And no, it will not cost you "money" to ask your bank for advice...thats our job. Tell them what happened, and they will give you a Dispute form. For here out, they will most likely get in contact with their Security or Loss Prevention department, who will deal with the CC Company for you, and reimburse you. This will take a while, as the CC COmpany has 60 days to respond to your dispute.
Best of luck!
· 1 decade ago