Direct Deposits and Lawful Money Redemption

Direct Deposits and Lawful Money Redemption

Request a digital copy of the checks or pay stubs and indorse with the lawful money verbiage. Keep the originals and send all copies with one’syearly tax filing when the time arrives. Additionally, lawful money request for all deposits and withdrawals can be made at the bank-level via a Notice of Intent for Lawful Money Redemption, but a request for a paycheck (or copy of the pay stub) is much better as it provides physical proof - often by scanning or taking a picture of said redemption for future use. Keep a repository of physical AND digital proof.

NOTE: As an alternative, if one is "short on proof", a check can be signed to one's self and redeemed in lawful money using the correct verbiage. This still counts as valid proof.
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