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Illinois Banking Questions & Answers
1 Answer | Asked in Banking for Illinois on
Q: Is a bad bank wire the same as a bad check for insufficient funds? The sender lives in North Carolina.
Bruce Alexander Minnick
Bruce Alexander Minnick answered on Aug 14, 2019

As far as the adverse impact on the recipient goes, the answer is yes, they are the same. However, bank wires are usually much more reliable than checks-- and thus do not "bounce" as easily. At least that is the way it was when I was an operating officer in a large bank.

1 Answer | Asked in Banking for Illinois on
Q: Someone I know knowlingly cashed a cancelled check from an employer. Is that against the law
Bruce Alexander Minnick
Bruce Alexander Minnick answered on May 24, 2019

Yes, it is a crime to cash or attempt to cash a cancelled check.

1 Answer | Asked in Banking for Illinois on
Q: My father and I went into his bank and I opened an acct in my name and we deposited checks that were payable to him.

The banker, who was with us from start to finish, neglected to have him endorse the checks, but he was fully present and agreed to the deposit. None of the money was spent until a few weeks later, when, unbeknownst to me, my brother got the bank to move the entirety of the funds from my acct (I was... Read more »

T. J. Jesky
T. J. Jesky answered on Sep 12, 2018

A check is not valid unless it is endorsed by the person who is cashing it. Therefore, you cannot deposit an unendorsed check. You have no recourse against the bank.

1 Answer | Asked in Banking and Probate for Illinois on
Q: My father has a bank acct. in PR and has passed away.My Brother is executor.Can His stepmom close the bank acct.?

No one is on the bank acct. but My Father. She is his ex wife but we have no papers to prove that.

Drew Ball
Drew Ball answered on Jun 14, 2018

If your brother is the executor he needs to file the necessary paperwork with the Court in the County where your father resided at the time of his death. That being said, there is a significant amount of work that must be put into your father's estate to ensure it is properly handled. You and... Read more »

1 Answer | Asked in Banking, Divorce and Tax Law for Illinois on
Q: My wife had our joint tax refund deposited directly into her personal account. Do I have any legal right to get half of

Can I write a check on her own personal checking account to get half of it back?

James G. Ahlberg
James G. Ahlberg answered on Mar 23, 2018

You can't write a check drawn on your wife's account if you're not listed with the bank as a person authorized to do so. If there is a pending divorce case, let your lawyer know what she did as quickly as possible (before the refund is spent), especially if there is a court order providing... Read more »

1 Answer | Asked in Banking and Real Estate Law for Illinois on
Q: My 2 daughters were named as heirs when my ex-husband died. There was no will and they signed a small estate affidavit.

He owned a house on which there is a mortgage. Nothing has been done with the name on the mortgage and his girlfriend is living there and making payments. The mortgage is now in default. Will this affect my daughter's credit? They want to sell the house and evict the girlfriend. How should this be... Read more »

Ray Choudhry
Ray Choudhry answered on Mar 8, 2018

The house will stay in husband's name until legally taken off through mortgage foreclosure or tax sale.

Only other way is for a probate estate to be opened and the house sold.

If the daughters are not on the note to the house, they have no liability.

Often, when a house is...
Read more »

2 Answers | Asked in Banking, Civil Rights and Real Estate Law for Illinois on
Q: My mother passed away and owed money on her house what do my sister and I need to do to be able to sell it?
Vincent Gallo
Vincent Gallo answered on Jan 15, 2018

You will, no doubt, need to pay off all of the debts affecting the house by no later than the closing date.

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1 Answer | Asked in Estate Planning, Banking and Probate for Illinois on
Q: Can my father take me off the trust my great grandparents set up hes not my biological father but did sign birth cert.

My great grandparents left me and my sister a trust by name it also stated it would be split with any other biological children. My father is claiming he is taking me off since im not his biological child. But he did sign my birth certificate on the day i was born knowing my mom was already... Read more »

James G. Ahlberg
James G. Ahlberg answered on Jan 14, 2018

The answer is going to depend on the exact wording on the trust. It would be unusual for the person creating a trust to give someone else the power to determine who benefits from it.

1 Answer | Asked in Banking, Civil Litigation and Divorce for Illinois on
Q: Can my ex husband sue me for not being able to pay on a joint account that was declared mine in the divorce decree

I am in another state helping my family member with their kid because they are in the hospital and I am unable to work because of this he is saying I could face jail time and fines because I'm not paying on it because I'm unable to work at this time

J. Richard Kulerski Esq.
J. Richard Kulerski Esq. answered on Jan 4, 2018

You haven't provided enough info to allow for a complete answer, but I can say this much. Our law is far from perfect, but it is not without understanding. He can take you back to court and seek to have you held in contempt for failing to pay what you were supposed to pay under your Judgment, but... Read more »

1 Answer | Asked in Divorce, Family Law, Banking and Workers' Compensation for Illinois on
Q: My husband will be getting a workman's comp settlement soon. Can he legally keep the settlement to himself?

I have proof of the amount he will be receiving but he is lying about it. He has stated they haven't settled it yet, but my picture proof shows the amount and that he, my husband, has agreed to the amount. Our marriage is rocky so I suspect he will keep most of the settlement in a secret account.... Read more »

J. Richard Kulerski Esq.
J. Richard Kulerski Esq. answered on Nov 17, 2017

He can try to keep all of the settlement, but it is a marital asset, and your would be entitled to your equitable share of it if you were in an actual divorce situation. If there is no divorce case involved, he if free to do whatever he wishes with the settlement proceeds. You will be entitled to a... Read more »

1 Answer | Asked in Banking, Civil Litigation, Consumer Law and Contracts for Illinois on
Q: We didnt get flood insurance on our home as the sellers and bank listed that it was a no flood zone. It flooded so bad

Water was all in the house and around it and soo high, if the bank had told us that it was in a flood zone then we would have gotten flood insurance and wouldnt be stuck with all the damages now

Steve McCann
Steve McCann answered on Jul 13, 2017

I understand your frustration, and unfortunately this happens quite often. Your options and remedies depend on very specific facts that are not provided here, such as the specific representations that were made by the seller's and bank in regards to your home being in a flood zone, and the... Read more »

1 Answer | Asked in Banking, Consumer Law, Criminal Law and Identity Theft for Illinois on
Q: someone opened a checking account in my name without my permission, would this be something worth getting a lawyer for?

My friend who worked at a bank originally opened 2 checking accounts for me. I was there for the opening of these accounts. He then lied and put in the system that I make more money than I actually do so I would get approved for 2 lines of credit. He had my debit card and ended up taking the money... Read more »

Ray Choudhry
Ray Choudhry answered on May 8, 2017

How could all of this be going on without you being aware of it.

Banks send monthly statements. Anyway, they don't honor checks if there is no money in the account.

Credit cards do the same thing. They send monthly statements and if you go over they refuse to honor charges....
Read more »

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