It is possible to sign a check over to someone else, but its often ill-advised. What Does Less Cash Mean in a Deposit Check? With no explanation why. I left the homeowners insurance policy as is until the next payment comes out of escrow and he can change it. After the banking person made several phone calls she told me they were going to have to pull some information and do an investigation. Yes, there is a way to deposit a check without endorsing it. I sent in all requested legal documents to the bank and they still wont reissue a check. His nose may be in the way!

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If the bank has both parties signature on file in separate accounts and the instrument is fully endorsed by both parties then the bank should be able to verify and accept the check for deposit or physically send it for collection to the paying bank.

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A check is a legal document akin to a contract that gives very specific instructions about how funds are to be used and transferred. After all, banks have duties to me as well, when I present a duly authorized and endorsed check).

Once again, Santander has to be the WORST. Keep us tuned in if you can -- any resolution to your situation could help others in the same predicament.

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The problem with attorney's is most will DEFEND the "crook", I need a Prosecuting attorney. I never endorsed the checks and was not aware of this. I ran into this in July of 2017. In some cases, people sign above the line, then below it write, For deposit only. This means the bank can only deposit it into the payees bank account. Personal checks should contain your banks routing number, your account number, the check number, your name and address and the banks name and address. Only applies to paper checks. If a check is written to two people, but says, or between the names, such as Bob Smith or Juanita Morales, you will only need one signature. We no longer have a joint account together.

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I recently had this experience. With some banks and credit unions, you may not need to endorse the check if it will be deposited into the child's account or a joint custodial account. Is forgery considered a joke in this country? Blank endorsement If you want to endorse a check quickly, all you have to do is sign above the line on the back of the check and leave it at that. It is not intended to amount to advice on which you should rely. This amount is based on the current balance of your mortgage. If the check payees are Bob Smith and Juanita Morales, you will need both signatures, explains the Consumer Financial Protection Bureau. Endorsing in this context means signing the back of the check. Any advice? If checks just arent your thing or you prefer to live a paperless life, here are some alternatives to check out. Create an account to follow your favorite communities and start taking part in conversations. I'd wait a week or two, however, to make sure that the check actually cleared before touching that money. But they forced filing of notarized form "to their fraud department" (oh for gods sake) then we had to sign some formal doc subjecting us to some or another liability.
I am trying to find out what Chase Bank branch procedure is for this. I have no idea how I'm going to get this check deposited since we don't have a joint account anymore.

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OK so I received a insurance check it's payable to myself and the financial company but the thing is written like this " pay to the order of bull dog and t-drive financial services
So can anyone sign a name as the company Auth agent

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A Check is issued in the name of a Corporation and two individuals. We each have longstanding accounts, we each have signature cards on file, money was going into one of two accounts
3. Apparently I need to get a signature verification at the bank, then send the check back to the law firm for them to deposit, then have them issue me a new check made out to just me. The sum was small
4.
She deposited the checks into her personal account at Chase Bank. Bank of America requires both parties share an account before they will deposit the check. Will Chase allow the deposit with out me being present? Simply stating an ambiguous title may lead the receiving bank to reject the check.

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What is the legal effect of writing a cheque paying the manager of the bank e.g. Its also important to use either a blue or black pen for the signature. The lady I had spoke too said did I know the ppl on the checks, DUH, and that she would need everyone of their phone numbers which I didnt feel comfortable doing until I asked them, then she said the checks would have to be sent back, umm they were mobile checks. What a total PITA.

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About bb&t rules of joint tax return policy. ?

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.Do you have some sort of law to back this up? ABA stands for American Bankers Association, a trade association founded in 1875 to represent the interests of various players in the US Banking You may have heard of ACH payment, but what is ACH? What is a voided check? (I almost called their bluff and refused. Apply online; Call 1-888-340-2265; . If you change your name or signature, make sure you update your signature card to prevent future problems. Thanks!

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what is the UCC rule on a two party check when 1 party is a person and the other party is a business?

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I tried to deposit a check into my personal account that was made out to me and my wife. what can that person whose name was also on the check do?

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Ok so apparently a Walmart employee at the Walmart were I purchased my money gram money order deposited the money order that was sold to me to there bank act mobile blank to Wells Fargo so wen I wrote the money order out to myself n tried to cash the money order it bounced in my act and I had to jump thru months of runaround from moneygram to get proff the money order wasn't cashed by me n the directed me bk to wells fargo I fussed with them because I thoygh they told me they didn't collect the funds and wen I went to wells fargo about it the banker told me it was cashed blank as a mobile deposit the day I purchased it n they told me to report it with Walmart now I feel the bank is responsible for this fraud because there was no signature no person name or address it was blank as a mobile deposit that is a big issue about them letting ppl get away with committing fraud with they bank because no other institution would cash a blank money order am I correct

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My husband is in jail and has been since may of 2020 our stimulus check was deposited in his account but it also has my name on the check as well as his the bank is refusing to return the check to the irs and won't give me access to the money even though it has my name on it as will is this legal it isn't a joint account are they allowed to keep the check

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Hello my wifes economic stimulus check was sent to our home address but shes incarcerated in another state and we dont have any accounts with her name on it .I guess the check is worthless and I cannot do anything with it.I have contacted everywhere I could to get a place to cash or deposit it and my own bank I have had for over 20 years will not touch it unless shes with me to deposite it or open an account iam at a loss of what to do .I even tried to get her name on my account and again she has to be physically there to do so.and they told me even if we had a joint account she still needs to be physically there .They told me it's a crime for me to sign a stimulus check because Gov checks cannot be signed over to anyone .I cant do online because I dont have any of her ids here with me If anyone can be of help please let me know my email address trish591238@gmail.com

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On a three payout check what happen if one payee refuse to sign unless he is pay his portion by other means?

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Just went to bank of America to deposit a check into my wife's checking account. We got all endorsements, verified my wifes signature with her being present. The content that we create is free and independently-sourced, devoid of any paid-for promotion. )0. The only alternative would be to contact the payer (the person or entity that wrote the check) and request that another check be written with just one payees name or have it written in the John or Janeformat. We don't have a joint account and he works overseas. We may mention or include reviews of their products, at times, but it does not affect our recommendations, which are completely based on the research and work of our editorial team. In most cases, you will turn the check over and sign above the line on the back of the check provided for a signature. Were worried that anyone can forge a signature, even on a joint account, so all payees will need to come in so that a teller can validate the signature, said the BB&T banker on the phone. Better to not play games. Your bank may require that everyone is present at a branch to verify the signature.

The hold on the deposit is likely to be a routine procedure for checks that the bank feel are risky.

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I had an apartment with my sister and fiance about a year ago. Complete guide. I fought to get it back and finally won. What is the interbank exchange rate and how does it work? It'll prove to be even more of a hassle when the bank requires a joint accountbecause there's no other way to deal with this rule besides actually having a joint account. I spoke with branch bankers at all of the biggest banks and asked about their policies for depositing a check with multiple people on it. To do a restrictive endorsement, sign the back as usual, but also write your account number and something along the lines of For deposit only to account XXX.. Editorial Note: We earn a commission from partner links on Forbes Advisor. So I can send her, her half of the check?

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Hi about 4 months ago I took out of my mind and wife's investment account 100,000 dollars when the check came it had my name then below was hers. I think it would pose a major hassle for BB&T customers who come across checks with multiple payees. a sizeable sum expires in a couple days. Register now Disclosures Privacy Fraud & security Terms and conditions Accessibility Limit use of my sensitive personal information 2023, Truist. If there is not enough room above the endorsement line for all of the payees to sign, put as many signatures as possible above the line and then continue below the line. Bear in mind that some banks wont allow you to sign a check over to someone else, due to fraud concerns. You can also endorse a check using your mobile phone if youd prefer. It was endorsed by everyone but the aggravating teller told me everyone had to be present with their IDs. These offers do not represent all account options available. Definitely confirm with a teller before depositing.

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Santander just refused to have my wife deposit joint payee check despite:
1. We're not married anymore and she's overseas now. How to Write a Check: Step-by-Step Guide, Tips and More! You can even call the cops since forgery is felony offense

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If the check has 1st person with a "%" 2nd name. She deposited the check in her single names account st BB&T. According to your article, she can. I don't have a # of the issuer to callHELP!

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Simon, I bank with BB&T and no longer have a joint account with my now ex spouse. You can just deposit these checks as if they were written only to you. The reason check endorsements exist is to protect the money of the payer and ensure the intended recipient collects it. I was told to take it to another bank. Checks Must Be Endorsed For a mobile check deposit to be processed, it has to be appropriately endorsed. Do Both of Us Have to Sign the Back of the Check? Education: Education: B.S. Modern-day printed checks were introduced in England in the 18th century and became the most common way to exchange money in the U.S. by the mid-19th century. Learn the check-cashing fees at the largest U.S. banks and find out how you can cash a check without a bank account. This is helpful when a business receives and has to endorse many checks. Next day I had problems logging into my account online come to find out they froze my account. Remote Deposit Capture: A Primer. Several nationwide retailers, including Costco, Office Depot, Sams Club and Walmart also sell personal checks. Be careful: I strongly advise against attempting to deposit a check without having a teller verify the signatures of all payees. Copyright 2023 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Information provided on Forbes Advisor is for educational purposes only. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. If you dont include a phrase to this effect, a bank can reject the endorsement attempt. How We Track Your Coverage Obtain/maintain insurance coverage In most cases, you will turn the check over and sign above the line on the back of the check provided for a signature. However, as mentioned previously, the majority of these years have been under the name of BB&T and Suntrust Bank.Truist has been accredited by the Better Business Bureau since 1986 and currently has an "A+" rating with 1,897 complaints and 458 reviews in the last 36 months. Is the Insurance company liable or is it the bank or both?

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I recently found out my ex wife of 15 years deposited multiple checks form the New York Tax and Finace Dept for Hurricane Sandy Fund through New York Rising. To remain competitive, financial institutions continually look for ways to cut costs, attract new customers, and boost revenues. I am having the same problem, saying . Learn more. what if one of us had died? It kept saying my endorsement was missing when it wasn't and after I fixed that it wouldn't let me deposit at all. For printed checks to meet industry standards, youll need a specialized printer with magnetic ink, check-printing software and check stock paper. This is required to authenticate each payee's signature.

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