Check Cashing / Deposit Policies

Smither Brothers Language School

MEMO

RE: Check Cashing / Deposit Policies

TO: All Staff

Please follow these instructions when cashing or depositing checks from our students.

• Check cashing by customers is limited to $500.
• Two pieces of identification are required, one of which must be a valid driver's license.
• All checks must be signed on the reverse side at the moment of presentation.
• Out-of-state checks are only accepted from residents.
• International checks may not be cashed. They must first be deposited and can be drawn on after a minimum of 14 days.
• Direct bank deposits and formal reporting procedures are available.
• Payments received must always be deposited intact. Never make disbursements from payments received.
• Never send coin or currency through the mail. Bring it to Accounting Services and obtain a receipt from the cashier. Come before 2 o'clock, so that we can include it with that day's bank deposit.
• Checks and money orders should be restrictively endorsed with these words as soon as you receive them:

  Smither Brothers Language School
  15 Whitehead Street
  Olympia, WA 98501

• What is the limit on cashed checks?

  -- $500

• How many piece of identification are required?

  -- 2

• When must the checks be signed?

  -- At the moment of acceptance

• In order to cash an out-of-state check what must you be?

  -- A resident

• How long do students have to wait for international checks?

  -- at least 14 days

• What mustn't be sent through the mail?

  -- coin or currency

More Business Reading Comprehension

Comapany Financial Profile
Financial Services
Check Cashing and Deposit