0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is a second party check?
A "second party check" is a check where the payee is depositing or cashing the check. For example, Bob Smith writes a check to his brother John Smith. John Smith is the payee, (second party) who deposits the check into an account in his own name, or cashes the check. If John Smith wants to endorse the check on the back to a different person, that other person would be a third party. The check would now be a "third party check." Banks are likely to not accept this type of check if the third party tried to cash it, because they cannot verify endorsements.
Can you endorse a check as not used for purpose intended?
Endorsing a check 'not used for purpose intended' makes little sense. While you can endorse a cashier's check or money order 'not used for purpose intended' this is only because these are financial instruments backed by cash. A check, on the other hand, represents the promise of available funds in an account, to be provided to the payee upon demand. There is no guarantee that a check won't bounce. A cashier's check or money order has been paid for up front, and cannot bounce. This is why you can endorse a cashier's check or money order 'not used for purpose intended' while you cannot do the same for a check.
What is The office that promotes American business interests in a foreign country and safeguard is nation's travelers in that country?
office that promotes American business and safeguards its travelers in a foreign country
What recourse does a contractor have when they have performed the work and the insurance company has issued the check in their name and the insureds name but the insured will not endorse the check?
The insurance company sought you fit to complete the job and by issuing the check I'm going to assume you did the work at a high workmanship standard and fulfilled the contract. Take them to court and take them to the cleaners you'll get way more that what your owed seize property do it all Fellow contractor to contractor. May them pay big time lowlifes like that are what drags American families down
What is the purpose of a GGMR?
Automatically makes an organization of travelers members of a group
Does the first name on a money check endorse on the line and the second name endorse underneath the line?
Type your answer here... The person who's name is first on the check signs on the line and the second name signs underneath the first signature
Who must endorse a JTWROS check to cash it?
who must endorse a jtwros check
Who endorses the back of a check?
The recipient of the check should endorse the back (on the lines that say "Endorse Here").
How do you endorse a second party check?
A second party check must be endorsed first by the individual that the check is issued to. Signature of the second party is necessary underneath the signature of the first party. Occasionally additional identification documents might be necessary.
How does an individual endorse a check made out to their business?
To endorse a check made out to your business you just write for deposit only in the endorsement section on the back of the check.
How do i Endorse a check with two names?
Both payees must endorse the check and usually both must also present ID to cash the check.
How to endorse a check if the name of the payee is misspelled?
Endorse it in the mispelld name then use the corrct endorsement
Where should you endorse a check?
The person who writes the check must sign the line on the bottom right front of the check. However, to endorse a check over to the bank or other third party, the person (or institution) the check is written to must endorse the check on the back. There is almost always an "endorse here" area on the back followed by the words "do not write, stamp or sign below this line". The endorsement should go in this pre-assigned area.
To sign a check on the back left handed end?
endorse; by lil deejay from maysville mobile,alabama
How would one endorse a check for cash?
To endorse a check all a person has to do is sign the back. Banks require this to be done anyway when cashing a check as acknowledgement that you are saying the check is real, and you are being given money.
Do you have to endorse a personal check if its for deposit only?
yes
Is it fraud to endorse another persons check?
Yes. It is known as check fraud.
