Endorsing A Check.

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Presentation transcript:

Endorsing A Check

Blank Endorsement – Sign your name the same way it appears on the front of the check. If it is spelled wrong on the front, then sign it again spelled correctly. Important – do not use a blank endorsement until you are ready to cash it or deposit it, otherwise anyone who finds it may cash it. (bearer paper) ENDORSE CHECK HERE John Smith

Restrictive Endorsement – before signing the check write a phrase such as “For deposit only”, or “For deposit to account number …” and then sign your name underneath. The check may only be used for the purpose indicated. ENDORSE CHECK HERE For deposit only John Smith For deposit to account no. 0358247

Special Endorsement – allows you to sign your check over to someone else (a third party) who may then deposit it or cash it. Write “Pay to the order of” then the third parties name, then sign it. ENDORSE CHECK HERE Pay to the order of Lisa Reynolds John Smith