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I recently cashed out 1K from Party and received a check in the mail, which I attempted to deposit into NetBank, my online bank. The check was from Party's "marketing" company in FL (I forget the name) and it had "Chase" written on the front. The check was rejected by Netbank.
When I called them (Netbank), I was told they couldn't accept the check because it was drawn on a line of credit from a credit card, and it's their policy not to accept LOC checks. Prior to this incident, I received a check from Party (same "marketing" co.) for a similar amount that had "Fleet" written on the front. This deposit was accepted by Netbank as it apparently came from a regular bank account. NetBank is returning the LOC check to me, which I will then attempt to deposit into a different account. Has anyone had a similar experience? |
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