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A co-worker asked me this question and I wanted to see what everyone thought. He mailed a check (a regular monthly payment) and a couple weeks later the party he mailed it to says they still don't have it.

We looked it up and I believe the 'Stop Payment' fee on his checking account is $20. My suggestion was to see if they would waive that fee, but if they won't (this is a big monster mega bank), what are any other options? And who would be liable if it were lost in the mail and/or stolen and was fraudulently deposited? Would he really have to eat the loss or would his bank or the bank who allowed someone who wasn't on the check to deposit it, have to make him whole? What about the postal service?


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