Consumer Math Endorsing Checks. Depositing/Cashing Checks There are 5 different methods of endorsing a check – Signing the check – For deposit only –

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Presentation transcript:

Consumer Math Endorsing Checks

Depositing/Cashing Checks There are 5 different methods of endorsing a check – Signing the check – For deposit only – Transferring the funds – Business checks – Insurance checks

Endorsing a Check Method 1: Just sign the check

Endorsing a Check Method 1 – Sign on one of the gray lines – Make sure the name on the front of the check matches how you’ve signed Ie. If I make a check out to Steph Findlay, she should sign it Steph, not Stephanie – Make sure the person the check is from signed it and filled it out properly

Endorsing a Check Method 2: Endorse for deposit only

Endorsing a Check Method 2 – Endorsing for deposit only can make the check more secure – If you give the check to someone else to bring to the bank you don’t have to worry about them taking your money – You can also write the bank name and account number below to ensure it goes to the right place

Endorsing a Check Method 3: Endorse a Check for Transfer

Endorsing a Check Method 3 – Sign Your name at the top – Write pay to the order of and the person’s name below your signature – The person you’re giving it to will sign below that – You may need to go with the person so they can cash it, especially at more cautious banks

Endorsing a Check Method 4: Endorsing a business check

Endorsing a Check Method 4 – Write the business name/information – Write your name/position – Write for deposit only and the account number

Endorsing a Check Method 5: Insurance Checks – Insurance checks are often written out to a bank or financial institution and whoever owns the property. This could be one person or several people. – Everyone that’s name is on the check must endorse it. – A agent from the financial institution must also sign and will likely also put other information regarding the institution on it as well.