EricLaurie
Mouseketeer
- Joined
- Mar 18, 2016
- Messages
- 250
I recently withdrew money from DD18 college fund to pay for her tuition. I put the tuition on my credit card (no fees and I got airline miles) and withdrew the money and had the check sent to me. She's a freshman and I did this first semester - no problem. I know I had to be able to prove that it goes to her tuition - all is good there.
This time I made the deposit at an ATM and they denied it saying they couldn't deposit it to my account because of the way it was made out. It was payable to me with an FBO line to my daughter below it. They then mailed an endorsed check back to me (talk about a safety issue). I took it back to the bank today and spoke to a manager. She refused to accept the check at all. In talking with her, she would only accept my sizable deposit unless it went into an account with both my name and my daughter's name on it. I have access to her checking account, so I deposited it there and will transfer it out.
Does anyone have experience with this? I tried googling this and didn't really get an answer. I'm trying to figure out if this is common. I deposited the check for first semester no problem - bank manager told me I probably just got lucky. Does a check payable to me with an FBO line like that need to go into a joint account?
This time I made the deposit at an ATM and they denied it saying they couldn't deposit it to my account because of the way it was made out. It was payable to me with an FBO line to my daughter below it. They then mailed an endorsed check back to me (talk about a safety issue). I took it back to the bank today and spoke to a manager. She refused to accept the check at all. In talking with her, she would only accept my sizable deposit unless it went into an account with both my name and my daughter's name on it. I have access to her checking account, so I deposited it there and will transfer it out.
Does anyone have experience with this? I tried googling this and didn't really get an answer. I'm trying to figure out if this is common. I deposited the check for first semester no problem - bank manager told me I probably just got lucky. Does a check payable to me with an FBO line like that need to go into a joint account?