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MTSOs and "paper checks" VENT - lmc


Posted: Aug 11, 2012

Just received a "paper check" from MTSO before DD kicks in.  I checked the name of the bank, never heard of it, did a website search and apparently, it was a bank that was absorbed by Wachovia which in turn, was absorbed by Wells Fargo.  However, they are still writing checks on the "old bank name."  I spent over an hour on the phone trying to verfify if ineed, I could go into a Wells Fargo branch and this check would be honored.  For heaven's sake, if you are going to be an MTSO, then take the time to order new checks with the proper bank name on them.  I worked for this company for about a week or so.  All communication was done via email  -- no company phone #, etc.  All communication was done via email.  They contract through the government and to me, this was the last straw.  I could have been working and been productive; however, I had to spend over an hour on the phone trying to contact "the original bank," and then branches of Wells Fargo, trying to find out if I could even go in and cash the check at a WF branch. 

So, will Wells Fargo honor the check or not? sm - anon

[ In Reply To ..]
I'm not understanding the result of your phone calls. Hope this works out for you.

Although a different situation, I've never had a problem using my old checks through each successive buyout of my bank of over 40 years, but usually there was a time limit and my bank would send out a new book of checks, sometimes with a completely different account number. I understand your frustration.

Apparently they will but... - nn

[ In Reply To ..]
I just find it odd that they are still using checks from the "old bank." It is my understanding that when a bank changes hands, the routing number, account number etc. all change. Luckily, I am going in on Monday to cash the check, so if stuff happens, it's their dime since my bank is over six hours away, but the whole thing is really strange to me.

The routing number on the check - Wells Fargo customer

[ In Reply To ..]
will now be equated with Wells Fargo since the original bank was absorbed by Wachovia, then Wells Fargo. You can simply take the check to your bank and deposit it. There should be no difficulty whatsoever. The name of the bank on the check is irrelevant. It is the bank routing number that will determine where the money comes from. The routing number will now be equated wiht Wells Fargo. There is no need to get all new checks when a bank is absorbed by another. The old routing number is simply reassigned to the gaining bank and life goes on without a ripple.

Paper checks - kristyj

[ In Reply To ..]
I am a customer of Wells Fargo now but I was also a Wachovia customer before the takeover. We (account holders) were advised to continue using old checks even if they had the Wachovia name on them. Why would someone want to purchase new checks when the old ones are still good to use. Sorry to say but you wasted your time on this one. I am still using my checks with Wachovia name on them.


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