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Can I deposit a settlement check?

Writer William Clark

You can deposit your settlement check like any other check you receive. Most personal injury firms, including ours, still issue paper checks to clients. The bank teller may bring over a manager to authorize the transaction, but other than that you should be good to go.

Should I cash a settlement check?

Checks in the mail often indicate scams, but not in this case. But if your check comes from the American Express FX Fee Litigation Settlement Fund, then it’s probably legitimate, and you can cash it without worrying.

Who is responsible for writing a settlement check?

The insurance company for the other party has a legal obligation to write you a check after it has received your signed Release and all other required forms. Typically, insurers make the check payable to you and your personal injury attorney and send it directly to the law firm.

When do you get your settlement check after a claim?

The final step following a successful personal injury claim is receiving the awarded compensation either by a settlement or jury verdict. Like most things in law, there’s no one answer that applies to every situation regarding disbursement, however after your claim has been resolved the settlement check process follows a similar timeline.

How can I find out if I am in a class action settlement?

This typically happens when the e-mail or physical addresses of class members can’t be found. In these cases, settlement notices will be placed, for instance, in magazines where class members are likely to see it. Sometimes, you just may not be a class member – and therefore unable to claim a piece of the settlement.

What to do if you misplaced a settlement check?

If you misplaced your settlement check and the deadline to file a claim hasn’t passed yet, your best bet is to contact the settlement administrator to find out if they can send you a new one. If the deadline has already passed, you may be out of luck – but I would still encourage you to reach out to the administrator, just in case.