Return to maker is commonly written as refer to maker and means that the person who was given the check needs to refer or return to the original writer of the check in order to learn why the check was not accepted or was returned. Checks will sometimes be returned with a RTM stamp, which requires the recipient of the check or the depositor of the check to contact the person who wrote the check originally. If the writer of the check is not sure why the check was returned, then the writer or maker of the check will need to contact their bank in order to determine why the check could not go through. The receiver of the check will be unable to contact the writer or maker's bank in order to find out due to security reasons. Additionally, any check that has been stamped with an RTM cannot be redeposited. Checks are often still used because they can help to create a better record of a purchase than a plastic payment can. Many people like to keep a detailed record of payments made to friends, relatives, small charities, home repair contractors and other small or micro businesses. More From Reference. What Are the Steps of Presidential Impeachment?
What causes a member check to be returned as 'Refer to Maker'?
In addition to the three reasons mentioned above, "refer to maker" can be used if:. The member could put stop payments on the original checks and reissue new ones. Welcome Guest Log In? Forgot Your Password? Security Question:. Security Answer:. Favorite Color:. Email Please enter your email address.
Answer by John Burnett: "Refer to maker" is tantamount to saying "We want to return this item but we can't tell you why. The payee deserves to know why a check is not paid, and could argue that the lack of the correct reason caused the payee a loss. In the cases you mention, you think the other bank is returning items late based on an allegation of kiting.
What does "Refer to Maker" mean on a check? Checks returned with the RTM stamp require the depositor to contact the maker of the check. Refer to maker means, you should contact the person that wrote the check [maker] to find out why the item was returned. If the maker does not know why the item was returned, the maker should contact their own bank for the reason. The merchant cannot obtain the reason for return from the maker's bank, only the maker can get this information.