I means exactly what it says, that the check can only be deposited, not cashed and no cash back on a deposit. An even more restrictive endorsement would be "for deposit only in acct. xxxxxxx". Generally speaking, people use this endorsement to prevent someone from stealing the check and then cashing it out.
You need to review your contract to determine how and if you can get your deposit back.
Yes, take it back or just write yourself as the pay to & deposit. You know it's "good".
Return it to where you purchased it and ask for their policies or procedures. You may also, if you are the purchaser, be able to deposit it into your bank account by endorsing it with the verbiage, "Not used for intended purposes."
No. The bank is liable to pay back all our deposit money irrespective of its economic status
yes
u cant
It belongs to the child.
I means exactly what it says, that the check can only be deposited, not cashed and no cash back on a deposit. An even more restrictive endorsement would be "for deposit only in acct. xxxxxxx". Generally speaking, people use this endorsement to prevent someone from stealing the check and then cashing it out.
Legally, they are allowed to keep your deposit although if they are nice enough they will hand it back. That is one of the reasons why a deposit is made, usually they will not give back a deposit as the buyer is putting the seller out of pocket. thanks.
This is more than likely a scam either they give you the acct. and you put stuff on it for them then they recover it back in 3-7 days or so. Or you pay for the acct. and they take your money then recover their acct. and then they have your money and the account. You can not trade anything over a specific price and each item has a price range on it that you can not pay more or less then a certain amount. Hope this helps
You need to review your contract to determine how and if you can get your deposit back.
that person who you deposited the money has to pay you double the amount you deposited
Normally if you are putting a deposit down on a holiday, house, CAR, etc. and you pull out of the sale you will loose the deposit. Hope this helps
Yes, take it back or just write yourself as the pay to & deposit. You know it's "good".
Yes! If the back rent and repairs are less than the deposit you have to give them the remainder of the deposit. But you could always makeup some bullcrap fee to eat up the rest of it like most landlords do.
Yes, you can deposit a money order into your checking account, just as if it were a check or cash. List the money order in the "checks" section of the deposit slip and endorse it on the back in the appropriate place (which is generally indicated on most money orders).