5Dimes Check

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Nov 11, 2008
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Hey guys,

Kind of urgent. In the past month I cashed out $1,000, $3,000, and another $3,000 from 5Dimes. I just took my most recent check for $3,000 to the bank to deposit it. They initially deposited it and told me it would be available tomorrow. I just got home and my bank called and told me that my check is being sent to Collections. They told me I need to come back to the bank and fill out some paper work to have the check sent to their foreign funds department. (The check is written from a Canadian bank, BMO I believe). They told me the check needs to be sent in, that it may take 2-3 weeks to get foreign funds, and that my bank collects fees for foreign checks. I used to work at this bank and I told them the check is already in American $$, I'm not worried about the check 'bouncing', and that they should just deposit it and see what happens tomorrow. But they said no. So now the bank has my check locked up at their branch and they are awaiting my return.

Has anyone else experienced this? What should I do?
 

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Does your bank have the option to deposit it into an ATM? I've got a check on the way from 5dimes and I planned on just depositing it into an ATM. If you don't mind me asking, is your bank a national chain or a smaller more local bank? I used to have an account with a local bank to the Montana/Wyoming area and I always had simply had my step mom deposit it for me, because she works at that bank. Now I use BofA and I planned to deposit in an ATM machine because it seems safest to me without getting questioned. I also have the option for mobile banking (where you take a picture of the check with a smart phone), but wasn't sure if that's a good idea or not.
 

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Wells Fargo. BMO is one of the top 5 largest banks in Canada, Wells Fargo is easily top 3 in the US. Wells Fargo ATM deposits have a max of $1,000 or something. Mobile Banking max is also $1,000 or so. Basically nothing over $1,500 I know for sure, so I had to go into a bank. But they want me to come in and fill out a collections form, and I read that they will send the check to BMO, have it verified, BMO sends the funds to Wells Fargo, and once WF receives the funds, they will put it into my account. But they also mentioned they charge a $35 fee for foreign checks to be cleared this way. I told them to just leave it in the account and let it clear tomorrow and they said they can't. I worked there and I know how the system works. The employees at WF are choosing to do it this way, rather than deposit the check and see if it clears tomorrow. Even though the Wells Fargo system approved the deposit of the check.

Thanks for your response. In the future I will probably just do Western Union, even though the fees are higher and the max payouts are lower. Less hassle.
 

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Check will clear. Since these checks have a non standard routing #, alot of Banks send them to collections. Last one i recieved cleared in 4 days after being sent to collections. GL
 

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I get checks from Canada all the time. All these books use checks from there. No worries. Though, I'm no longer a customer of 5Dimes, so you ought to worry.
 

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had the samething happen to me few weeks back, Normally these checks have US banks they are payable thru, for some reason this one didnt have it listed. I was told can take up to 3 weeks. 5dimes confirmed check still good since they close these account periodically all we can do is wait
 

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Thanks for all the responses guys. I did go ahead and let my bank send it for collections. Time frame is 2-4 weeks apparently but that's the way it is. Check cashing shops wouldn't touch it.
 

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