When Do You Deposit Your Checks?

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Discussion Overview

This thread explores various practices and experiences related to when Pampered Chef consultants deposit their checks after shows. Participants share their personal approaches to managing deposits and the timing of submitting shows.

Discussion Character

  • Anecdotal
  • Opinion-based

Main Points Raised

  • One participant, identifying as a consultant, mentions they deposit checks right after the show if local, or on their next trip to town if it's further away, to conserve gas.
  • Another participant shares their experience of cashing checks before depositing to avoid issues with bounced checks.
  • Several users mention waiting until checks clear before submitting shows, with one noting they prefer to deposit the first banking day after the show.
  • One participant expresses a concern about accidentally spending the money if the show remains open too long.
  • Another participant discusses using a money-tracking program to manage deposits and withdrawals, ensuring checks clear before submitting shows.
  • Some participants highlight the convenience of using the Pampered Chef credit card for submissions, allowing for better management of potential bounced checks.

Areas of Agreement / Disagreement

Views differ on the timing of deposits and submissions, with no clear consensus emerging on the best approach.

Contextual Notes

Participants share their experiences based on personal practices and the challenges they face, such as managing gas expenses and ensuring checks clear before submitting shows.

Who May Find This Useful

Consultants looking for insights into different approaches to managing check deposits and submissions may find this discussion relevant.

AJPratt
Silver Member
Messages
6,674
I noticed that HO is deducting money from my account much faster than before, which I guess is good. When do you deposit checks? Do you do it the night of the show or the next morning? Do you just use the MAC machine?
 
Anne I'm glad you asked that. My director said it didnt matter to her bc she had extra $$ in her account. Well I dont b/c I'm still new so I try my best to cash the checks here at work and deposit the cash or I do it as soon as I can after the show. I also try my best to get any orders after the show to be on CC so that I dont have to worry about them not going thru in time.
 
I'll deposit all the checks once we've -closed- the show. I've had a couple of instances where a guest has changed an order so the check I had wasn't accurate anymore. I just had the guest write a new check or pay by credit card and ripped up the old check.

That said, I'll wait until the checks show up in my account balance before submitting the show. :)
 
If I have a show in town I deposit right after the show, if I have a show in a different town I deposit on my next trip to town. I am trying to conserve gas, I drive a big diesal truck, $75 to fill up is killing me right now. I always deposit right away in case they do bounce.
 
I usually first cash my checks then deposit the cash. The one time I didn't do that and a check bounced. :P I don't have shows taken out of my checking account; I charge it all to my Pampered Chef credit card and then I pay it all at once every month.
 
I used to wait until I closed the show, but I guess I will start doing it right away since they are taking the money faster. I was always afraid I would accidentally spend it if the hostess kept her show open too long. I get a little scatter brained sometimes. :rolleyes:
 
  • Thread starter
  • #7
agw said:
That said, I'll wait until the checks show up in my account balance before submitting the show. :)


That's what I should do.
 
Maybe I'm too trustworthy! I usually send in the order, then that day I'll take the money to the bank. I've only had a check come back once, knock on wood! I just like to wait 'till I have all the money from outside orders & host money & just do one deposit, that way I know if it matches what PC will be taking out of my account.
 
I deposit the checks th efirst banking day after the show so they have time to clear before I submit the show - I refuse to sumbit a show until all the $$ is cleared.
 
dannyzmom said:
I deposit the checks th efirst banking day after the show so they have time to clear before I submit the show - I refuse to sumbit a show until all the $$ is cleared.


This is the same thing I do. The one time I was nice it bit me, I still haven't received payment for the womans Food Chopper.
 
Since I started PC, I've put the money in my account the day after I submit the show. I never split the deposits because I use a money-tracking program and it's easier to keep track of the show deposits and withdrawals that way. The money only comes out of my account the day the products hit the host's doorstep, always. That gives me about 10 days to make sure all checks clear.
 
  • Thread starter
  • #12
I submitted a show on 5/29 and on 5/30 they had debited my account.
 
It specifically says that the money will not be taken out of your account in no less than four days I believe...It's in recipe for success. It always takes a least a week for mine to come out of my accounts.

If you are just depositing your checks, ask the teller to please make them available. Some banks hold checks for up to seven days.
 
The one thing I really like is that we can submit the shows on the PC credit card. This way when I submit the show I don't have to worry if all the checks clear or not, and by the time the cc bill comes if a check would happen to bounce I have time to work it out with the host and guest.

Plus I deposit all the checks in a seperate savings account and earn interest on the money (every peeny counts!) while I wait for the cc bill.
 

Frequently Asked Questions

When do I deposit my checks from Pampered Chef?

You can deposit your checks from Pampered Chef as soon as you receive them. It's advisable to do so promptly to ensure timely access to your funds.

How often does Pampered Chef issue checks?

Pampered Chef typically issues checks on a monthly basis, following the close of each commission period. You can expect to receive your earnings within a few weeks after the end of the month.

Can I choose to have my Pampered Chef earnings directly deposited?

Yes, Pampered Chef offers direct deposit options for your earnings. You can set this up in your consultant account to have your commissions deposited directly into your bank account.

What should I do if my check from Pampered Chef is delayed?

If your check is delayed, first check the status in your consultant account. If there are no updates, contact Pampered Chef's customer service for assistance in tracking down your payment.

Is there a minimum amount I need to earn before I can deposit my check?

No, there is no minimum amount required to deposit your check from Pampered Chef. You can deposit any amount you receive, regardless of how small.

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