How to Get a Paper Check From a Lending Company
- 1). Decide which bank account you want to deposit the loan proceeds into and review the account titling to find out the way your bank has titled your account. Official checks aren't subject to holds, but your bank may not want to accept a large-dollar official check for deposit if the payee name on the check doesn't match your name as listed on your bank account. This situation often occurs if your bank account title features an abbreviated version of your name or if you use your middle name rather than your first name when you open your bank account. Banks can refuse to accept checks for deposit when issues arise about the identity of the check payee.
- 2). Contact your lender or the loan closing agent. Tell the lender or agent that you want the loan proceeds given to you in the form of a check rather than wired into your bank account. Tell the agent or lender how to address the check so that your name matches the titling of your bank account.
- 3). Ask the lender or agent to send the check to you using an overnight express-delivery service. If you're attending a loan closing in person, ask the loan closer to physically hand the check to you at closing. Make arrangements to pay any fees related to issuing the check or sending it by overnight delivery --- you may actually save money when you get a paper bank check because lenders typically charge wiring fees to send funds electronically.
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