A check that is made out to someone else can be deposited into your account if the person has signed the check. Check with your bank because many banks require that the person, who's name is on the check, be present during the deposit.
If the 'somebody else' has signed the back with 'pay to the order of xxx' and then signs their name.
Full Endorsement
Custom rubber endorsement stamps can be made for businesses from places like Office Depot, Staples and Grand n Toy. Supply the company chosen to make the endorsement stamp with the artwork, such as your business logo and/or the signing authorities signature, and they will create the custom stamp for the business
It is good to check with brand name stores in their sale sections or special offers section. Most of them will have close out deals. There are also other sites that are specifically made for discounts. They will get you started.
A check that is made out to someone else can be deposited into your account if the person has signed the check. Check with your bank because many banks require that the person, who's name is on the check, be present during the deposit.
No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
yes, but you have to return the deposit.
If a check is made out to you, you can endorse it to someone else, but you cannot change anything else on the check (who it is made out to, date, amount, etc.).
To clarify, I owe money at US Bank for a defaulted credit card with them. I have a TCF checking account. If I try to deposit a check made payable to me, and that check happens to be a US Bank check, can US Bank seize the check made payable to me even if I deposit it into my TCF checking account? Not sure if they will see that US Bank funds are made payable to me from someone else's account. Any insight would help! Thanks!
No. A check can be cashed only by the individual to whom the check is made out (issued) to. No one else can cash it even if it is signed by the person to whom the check was given. If you try to do so, it is an illegal activity and you can be jailed for it. But, you can deposit that check into the account of the person to whom the check was given if he has signed the back of the check (endorsed it) and no one will stop you if you do this and it is perfectly legal.
If the 'somebody else' has signed the back with 'pay to the order of xxx' and then signs their name.
No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
Most anyone can deposit a check for anyone else. The persons account to where the deposit is being made must sign the back of the check. Drawing money out is quite another matter - only those who are listed on the account have that right, married or not.
RECEIVABLE
Full Endorsement
The person or company the check is made out to. No one else can cash it. The person you wrote it to can endorse the check to someone else so they can cash it.