Circuit City Bouncing Refund Checks, But Will Reissue Them
If you have a Circuit City refund check not deposited before 11/10, it's going to bounce.
A posting on the internal Circuit City forums from an irate store manager upset over having to shrug his shoulders in response to a customer who had a $2,500 CC refund check bounce elicited this response from the CC accounting team:
Due to the Ch 11 filing, the bank had to put a stop on all checks that had not been deposited. We WILL be reissuing all bounced checks. I don't have an exact date to tell you, but we intend to make good on every single mail refund that bounced.
Adjust your spreadsheets accordingly.
This is a test contextual ad for the SHOPPING category. It should appear on all SHOPPING entries, unless the subcategory has its own ad.
Post a comment
Comments:
Relax, guys. It only affects all 3 sales since january!
*ducks*
The word intend isn't reassuring.
I hope they're including the fees associated with bounced checks as well. The consumer shouldn't have to get stuck with a $20 NSF fee.
what would one have to do to earn a $2500 refund check?
@citking: Yeah, what's Circuit City's policy about NSF checks when the consumer writes one that bounces.
That sounds like what's good for the goose is good for the gander.
I would say smart enough to get a refund but IT BOUNCED.
I beleive I would insist on cash from the register.
Whatever he returned valued at $2,500 is probably selling during liquidation for $3,200.
Why would they reissue rebate checks, they will most likely bounce again.
Wow, I sent this to you guys like two weeks ago.
Fail.
Anyways, it's store policy that (unless the store is liquidating) the management can actually give you cash right there (they take your bounced check, give you cash).
Oh that checked bounced? Sorry, let me write you another one.
Suckers.
Who's going to pay the bounced check fee?
@trk182: Mr. Foxworthy, I'm here to reposses your car. If you don't give me $900, I'm taking it.
I don't have that kind of money.
Can you write me a check?
N....A Check? Well hell yeah, I can write you a check. I thought you needed money. Why don't I go ahead and pay the whole thing off right now.
@Blinden: They took advantage of that sweet 10-pack of CDRs. FREE after rebate!*
(Store price $2500 - $2500 MIR)
another reason to NOT shop there. And I used to work there, so I used to give them the benefit of the doubt, but I will not spend money at a store that won't be around much longer. Except maybe DVDs, but now I've got netflix on my xbox....so bye CC
@Git Em SteveDave loves this guy->★: That, sir, is why you have a star!
I frackin' fell out of my chair laughing at that.
Sheesh, if I bounced a check to CC, they'd be pounding down my door most likely. I'd be calling the police LOL - "THEY WROTE ME A FRAUDULENT CHECK KNOWING THEY WOULDN'T HAVE THE FUNDS!!"
It's a criminal offense to bounce a check. Every affected customer should file a police report.
Do people get hit by bounced check fees? What about that? Is CC going to make good on every $5 refund for batteries, along with the $29 the bank slaps you with?
@edrebber: Actually, check fraud laws vary from state to state, and usually involves proving intent at the time that the check was written, and also usually exempts checks bounced due to a federal court freezing assets.
After reading this, I have a question:
Due to the Ch 11 filing, the bank had to put a stop on all checks that had not been deposited. We WILL be reissuing all bounced checks
It's a bit vague about what customers who still have checks from CC should do. Are they going to re-issue those checks, or only after they bounce? So does a customer who still has an uncashed check have to deposit it, knowing it will bounce, in order to get a new one?
None of these comanies in bankruptcy are getting a dime of my money. I pay all of my bills and manage my business without screwing my creditors, so why shouldn't a large company? I'm sure glad I didn't buy an American car because as soon as they declare bankruptcy, your car warranty is worth nothing.
@zeabrid: Yeah, because the Consumerist is SO overstaffed and they have SO little to write about that they should have posted your piece of news the second you emailed it to them.
Get over yourself. Your submissions aren't any more important than anyone elses'.
@citking:
Customers could be on the hook for chargeback check fees (deposited item returned), which usually run around $5.00, and then NSF/OD fees if they spent the refunded money before the chargeback. Could get VERY expensive for CC...good luck to anyone trying to recover those fees in the midst of a Ch. 11!!!
Bounce me once...shame on you
Bounce me twice...hey, this is actually kinda fun!
Bouncy bouncy bouncy bouncy bouncy bouncy bouncy bouncy bouncy bouncy bouncy bouncy bouncy bouncy....
Aren't stop check payment requests only good for like 6 months or so? Deposit the reissued check then wait 6 months and deposit the original! (Yes, I know this won't actually work as most companies print on the check that it's void after 180 days.)
Wow... Making refunds hard to cash just reached a whole new level. :)
@Mikestan: REFUND checks, if a purchase is over a certain amount and its not paid with a credit card the company cuts the consumer a check.
@oneliketadow: Stores can pay out up to $10 in bounced check fees if asked; anything higher has to go through corporate.
@edrebber: Wondering what cracker jack box you got your law degree from? Bankruptcy law supercedes this, AND intent is essential to prove a criminal case.
@billbobbins: Interesting that YOU are so perfect, but sometimes bankruptcies are due to things beyond people or companies control. If you lost your job, or had an employee steal from you, or had a medical condition that was not caused by you, but does not allow you to make the kind of money you are used to.
Also, the lack of credit money available is very important in two major industries, cars and housing. Without credit there is absolutely no way the economy can function. There would never be any innovation because that requires UPFRONT money to develop new products BEFORE they go to market. BTW, your foreign car companies could void your warranty at will as well if they went bankrupt. The BK laws of their home country would determine what should happen. Damler is largely to blame for many of the problems with Chrysler which was advertised as a merger of equals, but in reality was Damler buying Chrysler and fucking it up so bad they gave it away.
@ScubaSteveKzoo:
Ever since Circuit City decided to lay-off long term employees (who had years of raises in their salaries) in order to hire new employees at reduced wages, I've stopped shopping there. Why should I be loyal to a store that can't be loyal to it's long term employees?
Good to see that some store managers look out for their customers... I hope the good ones get a better store after CC goes down.