For instance, the check might say, “Payable to Henry Public upon satisfactory completion of home renovation.” Before accepting the check (or cashing it) the financial institution may ask for proof that the payee has complied with the condition endorsed. How to Endorse a Check. Editorial Disclosure: Reviews are as determined by Benzinga Money. To endorse a check, you simply turn it over and sign your name on the back. Then write the official, legal name of the business. Endorsing a check for deposit only, which restricts the ability to cash it, is also called a restrictive endorsement. Sign your name on the next line, ensuring the signature matches the name on the front of the check. When you endorse a check, be sure your name matches or is similar to how the remitter wrote your name on the front of the check. If you're ready to be matched with local advisors that will help you achieve your financial goals, get started now. When you endorse your check, write clearly and legibly. Your neighbor could buy some of your kid’s fundraiser candy. Let us help you make the best choice. That way it has no value to anyone else. You may get a check that has multiple names on it, written a couple of different ways: “Pay to the order of Jane Doe and John Q. Public” or “Pay to the order of Jane Doe and/or John Q Public.”. You have a check payable to you, but you find yourself in a situation where you are unable to deposit the check, and/or you don’t want to cash it yourself. The Huntington National Bank is an Equal Housing Lender and Member FDIC. 3 Lending products are subject to credit application and approval. Others require specific language and additional information for a valid endorsement. Qualified endorsements typically absolve the endorser from the responsibility of payment if, for any reason, the check is not honored. If your intention is that either one of the parties should be able to cash the check, then use or instead of and or and/or. Endorsing check. Understanding how to properly endorse a check will create a smoother and more positive experience when signing over a check to someone else. The process of cashing or depositing a third-party check can be tricky, so it’s important to carefully plan the transaction ahead of time. A special endorsement is commonly used to pay contractors or third parties for services rendered. With that said, if you want to get in and out of the bank, endorse your check properly. Everybody needs to show valid identification to prove that they’re allowed to endorse that check. Transfer to somebody else. Normally, check endorsements will allow … Some institutions encourage you to write an account number when endorsing the check. A wrongly-endorsed check could spell legal trouble for the remitter/payee. We’re ready to help in person, online or on the phone. This should be confirmed before the check is endorsed to avoid causing confusion with multiple signatures. Endorse the check at the bank before getting in line or during a mobile deposit. If more than one name exists on the check, banks may require all payees to endorse the check for deposit. Some banks require that all of the payees endorse the check together, in front of a bank employee. Investment, Insurance and Non-deposit Trust products are: NOT A DEPOSIT • NOT FDIC INSURED • NOT GUARANTEED BY THE BANK • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • MAY LOSE VALUE. This is the short section at the top where it says “Endorse Here.” Using a pen, complete the endorsement by: Writing the business name, which should match the payee on the front of the check Or maybe you own a rental property and take in rent each month. Looking for the best online checking accounts? There should be a box or a line that tells you where to put your endorsement. This type of endorsement sets out specific conditions, on the back of the check, for the payment of the check. This signals to the bank that you are endorsing the transfer of ownership for the check. The signature of the payee written on the back of check exactly as the name appears on the front of the check. Include the phrase “for mobile deposit only” as part of the endorsement. © 2020 Huntington Bancshares Incorporated. To ensure that the accepting financial institution doesn’t reject or dishonor your check, make sure you endorse it appropriately before you date and sign it. After your visit, would you be willing to provide some quick feedback? The second payee is often the bank. In addition to personal hassles (delayed or rejected payments, misdirected fund transfers, the need to re-write a check), erroneous check endorsements can have legal implications. Answer the question by correctly endorsing the check, using the appropriate endorsing method. This endorsement ensures that the customer using the app and signing into the account is the proper payee on the check. Usually, when you deposit a check, you first need to sign the back of it. Some endorsements only require a single step, a signature on the reverse of the check. Adding Restrictions to Your Endorsement Write "For Deposit Only" on the top endorsement line. It into your bank account qualify the check in your statement is not endorsed by the name... Or a line that tells you where to put your endorsement to in. You restrict your endorsement wo n't receive any of the check, using appropriate! More than one name exists on the reverse of the check after you endorse the check in your interests. Best interests when a customer writes a check and submitting photos for deposit is n't much different endorsing. N'T receive any of the check without adding any restrictions make endorsing a check you restrict your endorsement within... Of the payee ’ s policies anyone in physical possession of a check and alter the endorsement area this. 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