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Entries in Checks (2)

Friday
Sep162011

Puppy Eats California Woman's Inheritance Checks

Jupiterimages/Thinkstock (file photo)(SANTA CLARA, Calif.) -- While dogs are sometimes blamed for eating homework, it's rare they eat an inheritance.  But that was the case with a Scottish terrier puppy named Jack.

In a story that's just coming to light now, it seems back in March, the dog helped himself to a pair of checks belonging to a California woman that were worth nearly $50,000.

Jack's owner, Roberta Kemnitz, was so embarrassed about the situation that she didn't tell Bank of America, figuring she'd just declare the checks from her mom's estate lost and wait the mandatory 90 days to get her $49,000 back, reports ABC News' San Francisco affiliate KGO-TV.

However, the checks weren't re-issued, and Kemnitz panicked when she got the runaround from the bank, until KGO's "7 on Your Side" segment managed to cut through the red tape for her.  Two months later, she got her money -- but this time she kept the checks away from Jack.

Copyright 2011 ABC News Radio

Saturday
Jan292011

Federal Benefits Going Paperless

Photo Courtesy - Getty Images(NEW YORK) -- Federal benefits checks will soon be a thing of the past, as the government moves in the direction of paperless transactions.

Starting in May, paper checks will no longer be issued to people receiving the benefits, instead the money will be deposited into a bank account, and individuals will have to use a debit card to access their funds, according to a report in The New York Times.

The move may decrease theft, and would reportedly save the government approximately $120 million in yearly costs. Officials say in 2010, $93 million in Treasury checks were fraudulently endorsed and cashed, and the move to paperless benefits would prevent such occurrences, the Times reports. Another paperless benefit listed by officials, is that money will be available to people even in the event of natural disasters that would have prevented checks from being delivered by mail.

Some are concerned that the move will make accessing funds a challenge for those living in areas where there are not a lot of banks, and for people who have limited internet access or are not web savvy.

Officials say checks will continue to be mailed out to some areas, such as remote parts of Alaska and on some Indian reservations. Those receiving benefits outside the U.S. will also continue to receive checks in the mail.

Copyright 2011 ABC News Radio







ABC News Radio