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Shane: Memory Refresher Thread for 5 Month Old Cashouts Shane: Memory Refresher Thread for 5 Month Old Cashouts

05-24-2013 , 12:59 PM
Fatal
Congrats sir! Glad it finally came for you. I'm in the Midwest and nothing for me yet, but now have more hope than I did yesterday
05-24-2013 , 02:43 PM
How did the trip to the bank go FatalFlaws?
05-24-2013 , 03:30 PM
fine derschwartz, they said it should clear to my account by tomorrow, i will post again when it does
05-24-2013 , 03:46 PM
Quote:
Originally Posted by FatalFlaws
fine derschwartz, they said it should clear to my account by tomorrow, i will post again when it does
Hey that's awesome for ya man. Thanks for posting the updates, always appreciated.
05-25-2013 , 02:39 AM
Quote:
Originally Posted by FatalFlaws
fine derschwartz, they said it should clear to my account by tomorrow, i will post again when it does
congrats fatal flaws hope it clears for you. one down hundreds more to go in the battle to get paid .
05-25-2013 , 06:15 AM
just wanted to update, the check has cleared in my bank account. hope you guys get your checks soon.
05-25-2013 , 08:23 AM
Quote:
Originally Posted by FatalFlaws
just wanted to update, the check has cleared in my bank account. hope you guys get your checks soon.
Great to hear, now we just need everyone elses checks in the batch to flush through.
05-25-2013 , 09:48 AM
Not to rain on anyone's parade, but I highly doubt the check has completely cleared already. I used to work at a bank, and it wasn't unusual for us to "clear" a check within 24 hours to make the full amount available to that customer (based on whatever internal criteria we had set up at the time), but the check isn't fully cleared until the head branch/processor actually receives the money from the issuing bank, which usually takes 7-10 business days (but can take longer).

So, I wouldn't consider the check completely cleared yet. And you won't be told when it is, you'll only be informed if the check bounces at their central processor.
05-25-2013 , 12:08 PM
Quote:
Originally Posted by SGT RJ
Not to rain on anyone's parade, but I highly doubt the check has completely cleared already. I used to work at a bank, and it wasn't unusual for us to "clear" a check within 24 hours to make the full amount available to that customer (based on whatever internal criteria we had set up at the time), but the check isn't fully cleared until the head branch/processor actually receives the money from the issuing bank, which usually takes 7-10 business days (but can take longer).

So, I wouldn't consider the check completely cleared yet. And you won't be told when it is, you'll only be informed if the check bounces at their central processor.
^^^^^Every single word of this 100% true.
05-25-2013 , 12:09 PM
Quote:
Originally Posted by SGT RJ
Not to rain on anyone's parade, but I highly doubt the check has completely cleared already. I used to work at a bank, and it wasn't unusual for us to "clear" a check within 24 hours to make the full amount available to that customer (based on whatever internal criteria we had set up at the time), but the check isn't fully cleared until the head branch/processor actually receives the money from the issuing bank, which usually takes 7-10 business days (but can take longer).

So, I wouldn't consider the check completely cleared yet. And you won't be told when it is, you'll only be informed if the check bounces at their central processor.
^^^^^Every single word of this
05-25-2013 , 01:54 PM
Quote:
Originally Posted by SGT RJ
Not to rain on anyone's parade, but I highly doubt the check has completely cleared already. I used to work at a bank, and it wasn't unusual for us to "clear" a check within 24 hours to make the full amount available to that customer (based on whatever internal criteria we had set up at the time), but the check isn't fully cleared until the head branch/processor actually receives the money from the issuing bank, which usually takes 7-10 business days (but can take longer).

So, I wouldn't consider the check completely cleared yet. And you won't be told when it is, you'll only be informed if the check bounces at their central processor.
Well I have the cash from the check so I don't really care if it bounces. What are they going to do arrest me lol?
05-25-2013 , 01:55 PM
Quote:
Originally Posted by FatalFlaws
Well I have the cash from the check so I don't really care if it bounces. What are they going to do arrest me lol?
yes it could happen no joke
05-25-2013 , 02:21 PM
Quote:
Originally Posted by FatalFlaws
Well I have the cash from the check so I don't really care if it bounces. What are they going to do arrest me lol?
Um, if the check were to bounce they'd charge back your account.

You wouldn't be arrested, no, but they would come for the money. It's in the fine print at any bank that you are responsible for the funds if they quick clear a check and it later bounces.
05-25-2013 , 02:25 PM
Quote:
Originally Posted by FatalFlaws
Well I have the cash from the check so I don't really care if it bounces. What are they going to do arrest me lol?
Court judgements against you, credit rating goes to **** and dont forget possibility of baliffs knocking on your door some morning at 5 AM to take your stuff. But hey this i LOCK right they can be trusted what with them being the honest truthfull stand up guys that they are.
05-25-2013 , 02:57 PM
Quote:
Originally Posted by FatalFlaws
Well I have the cash from the check so I don't really care if it bounces. What are they going to do arrest me lol?
Spoiler:
05-25-2013 , 04:02 PM
Yeah, you definitely NEED to care about the actual funds. If you are spending it all now you still need to be prepared for the possibility of a phone call 2 weeks from now saying that you need to pay up the money for the bounced check.

Normally an unlikely scenario when it comes to regular checks from regular places of course. But this is Lock we are talking about here...with some processor from who knows where...and I believe Lock customers actually have had a few checks bounce on them before.

Hopefully the check does not bounce. But "the money is now in my account" does not at all mean you completely are in the clear. Be safe and responsible about these types of things everyone. Don't put yourself in a position where you are 100% relying on that check from Lock to not bounce. If you can go 2 weeks without touching your new funds at all then you should do that (or at least have SOME sort of a plan in place if something happens).

Maybe you would be more in the clear paying a fee at one of the check-cashing places then depositing into your bank account. But I assume they take all of your identification stuff at the check-cashing places (never used one) and would still track you down if it later bouncy-bounces away.
05-25-2013 , 05:07 PM
Quote:
Originally Posted by SGT RJ
I used to work at a bank, and .. the check isn't fully cleared until the head branch/processor actually receives the money from the issuing bank, which usually takes 7-10 business days (but can take longer).

So, I wouldn't consider the check completely cleared yet. And you won't be told when it is, you'll only be informed if the check bounces at their central processor.
Hmm, that's annoying. Isn't there someone to call to find out if it's been "completely cleared" ?

And if not, how long does one have to wait before feeling certain that it cleared? Is it around two weeks? I mean, it would be silly if they call you back a full month later and tell you it didn't clear.

Last edited by derSchwartz; 05-25-2013 at 05:22 PM.
05-25-2013 , 05:16 PM
For the record, I am happy for FatalFlaws and somewhat more optimistic about the eventual arrival of my own check, but I have not received it yet.

Shane did recently update the information from this group of checks, moving the projected arrival time to "early next week." But it is worth mentioning, from my disposition, things are still "unreliable" (as Shane himself recently described the processors).

I will continue to update in this thread.
05-25-2013 , 06:04 PM
Quote:
Originally Posted by MicroBob
Maybe you would be more in the clear paying a fee at one of the check-cashing places then depositing into your bank account. But I assume they take all of your identification stuff at the check-cashing places (never used one) and would still track you down if it later bouncy-bounces away.
It's waaaaay worse to bounce a check with one of those places than a bank.
05-25-2013 , 07:50 PM
lol lock is such a joke


even when you get your check and cash hits your acct your money isnt safe still
05-25-2013 , 11:53 PM
Quote:
Originally Posted by derSchwartz
Hmm, that's annoying. Isn't there someone to call to find out if it's been "completely cleared" ?

And if not, how long does one have to wait before feeling certain that it cleared? Is it around two weeks? I mean, it would be silly if they call you back a full month later and tell you it didn't clear.
Your bank will be able to answer these questions. For an international check, it could certainly approach a month. Two weeks for a domestic check would be very standard.
05-28-2013 , 12:56 PM
Shane
What's the deal bro? Where is my check? I'm hoping I don't have to celebrate another anniversary that is fast approaching. Are you gonna have to reissue another check after this one magically disappears as well?
Requested 12/1/2012
Verified 12/18/2012
5/28/2013 nada
05-28-2013 , 12:57 PM
Quote:
Originally Posted by Livvy56
Shane
What's the deal bro? Where is my check? I'm hoping I don't have to celebrate another anniversary that is fast approaching. Are you gonna have to reissue another check after this one magically disappears as well?
Requested 12/1/2012
Verified 12/18/2012
5/28/2013 nada
LOL wow 6 months that blows
05-28-2013 , 01:50 PM
Well, all i see is fatalflaws having got his check. Is this the week a bunch of us will see ours? Don't forget to update this thread when you get yours or any other useful information you guys come across.
05-28-2013 , 09:28 PM
Anyone from this thread besides FatalFlaws receive anything?

I did not. Shane, do you have an update regarding these withdrawals?

If the update is in the form of another date to expect the checks, is the situation any different than it was when you placed the original trace on these checks?

      
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