KU and Lawrence policies for check cashing tighten
By CURT CHAUDOIN
Kansan Staff Writer
There is no need for alarm when cashing a check in Lawrence or at the University of Kansas, provided you have the proper identification and adequate funds in the bank.
The University and most Lawrence bank and businesses have established check cashing policies for KU students.
The Kansas Union check cashing policy includes the following rules:
● No second party checks from students may be cashed.
- Two party checks from parents and payroll checks other than the Union may be cashed. The limit is $100.
● Personal checks may be cashed, up to a $50 limit.
● Fees for cashing checks are 10c for checks up to $10, 15c for checks up to $25 and 20c for checks up to $100.
The only identification required for cashing checks at the Union is a KU identification and registration card.
When an insufficient funds notice is received by the Union, a notice is sent to the student. If the check is not covered after two notices, the student's name is sent to the Business Office and put on the accounts receivable billing. His records are held until the bill is paid.
The Business Office has a similar check cashing policy, which includes:
- Student checks are limited to $25 because of the limited funds available to cash checks. The Business Office is budgeted for $6,000 in checks per day.
- No second party checks may be cashed, except from parent or guardian.
- The charges on checks cashed are 10c for checks up to $25, 15c for checks up to $50 and 25c for checks up to $100. There are no charges on returned checks.
Richard Steffens, manager of school accounts, said the Business Office is allowed to send checks returned for insufficient funds through the banks twice.
If a check cannot be cleared, said Steffens, a notice is sent to the student. If no answer is received, the student's name is placed on the student accounts receivable list. A hold is then placed on his records. The student may enroll for the following semester, but he will be notified later in the semester of his delinquency in payment of the check.
Both the Union and the Business Office will cash out of state checks.
Businessmen in Kansas are protected from bad checks by an insufficient funds check law. The law states that if a person is delinquent in payment of a check and due notice has been sent to him in the form of a registered letter, and if he does not cover the check in 7 days, the sheriff
Canadian to give Humanities talk
A Canadian literary critic and scholar who has been awarded 19 honorary degrees by American and Canadian universities will give a Humanities Series lecture at 8 p.m. Thursday. Northrop Frye, Distinguished University Professor at the University of Toronto, Canada, will speak on "The Humanistic Era" in the new Woodruff Hall in the Kansas Union.
Frye will participate in a forum arranged by Student Union Activities at 10:30 am. Friday. The topic of the forum will be "Satire."
During his visit to KU, Frye will also speak to an advanced class in literary criticism and a theater colloquium.
or county attorney may take legal action.
William Teemer, manager of Kroger Family Center, said 40-50% of their business is from KU students. Kroger's check cashing policy towards KU students is the same as for all other customers.
Checks at Kroger's may only be cashed for the amount of purchase unless you have "Kroger courtesy card." With a courtesy card, checks may be cashed for $5-$10 over the purchase.
KANSAN Feb. 16 1970
Courtesy cards are easily obtained.
When a bad check is received, every attempt is made to contact the individual before legal action is taken, Teemer said. If no action to cover the check is taken after four or five weeks, the sheriff must be notified according to state law, he said.
"It is a shame it has to be done," said Teemer, "but we receive over $20,000 in bad checks every year."
Raney Drugs at Hillcrest Shopping Center, said he has had very little trouble with insufficient funds checks from KU students.
William McNeary, manager of
William B. Lienhard, vicepresident of the First National Bank, described their check cashing policy as liberal, because they have not had any trouble from KU students.
Lienhard said that probably less than 5 per cent of the bad checks he receives are from KU students.
Checks at First National may be cashed for less than $100. Identification is required and checks may be cashed from out of state banks.
Lienhard said the bank would cash second party checks if the student has an account at the bank.
There is a 10c charge for cashing checks and a $1.00 charge on all checks returned.
William J. Womack, a spokesman for the Douglas County State Bank, said their check cashing policy also is liberal.
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