Generally, banks only cash checks if the check is made payable to the person presenting it for payment. However, in some circumstances you can cash a check made payable to your Dad that he endorsed. You can attempt to cash the check at either your own bank or at the bank that funds are drawn against.
Ask what you need to have them write on the back of the check, and be sure to ask if you both need to be present to deposit it. Some banks require a form of ID from the other person so that they can validate the identity of who is signing over the check.
If you plan to deposit the check into your own bank account, you'll typically need to sign your child's name on the back of the check followed by the word “minor” — and then endorse it with your signature right below the minor's name. You may also need to include additional information like your account number.
If you can have someone who knows your account number come in to a Chase branch with the check - they'll be able to deposit it for you. A reminder - the check must be endorsed by you or be "for deposit only".
Generally, banks only cash checks if the check is made payable to the person presenting it for payment. However, in some circumstances you can cash a check made payable to your Dad that he endorsed. You can attempt to cash the check at either your own bank or at the bank that funds are drawn against.
They're good at handling standard check transactions, but a check that's been signed over is anything but standard. The person to who you've signed the check may be able to deposit it at an ATM, but it's best not to risk it.
Chase, however, will take third party checks for deposit, even over its mobile phone applications, but needs to also see the owner of the check with you, in person, if you intend to cash it.
To do this, parents must first print their child's name on the back of the check and then write the word "minor" in parentheses; you also could use a hyphen instead of parentheses. Next, the parent must print his or her name directly under the child's name with the word "parent" in parentheses or after a hyphen.
It all depends on your bank's policies. Some banks may not allow you to deposit or cash a check made payable to someone else (a third-party check) while others may have special requirements you'll need to meet.
Quick answer: If a check with two names says “and,” on the "pay to the order of line" then everyone has to endorse the check. Otherwise, any party named on the check can deposit it into his or her individual bank account.
You can deposit your husband's check if he endorses it. The process of depositing your husband's check into your bank account is actually quite easy. As long as your husband endorses the check properly, you shouldn't have any problems, barring regulations specific to your bank.
Joint ownership.
Both you and your child can make deposits and withdrawals. An optional ATM card is available for your child. The account may be linked to a Wells Fargo Debit Card.
Print your child's name on the back of the check, then add a hyphen and write “minor.” Print your name under your child's name, add a hyphen, and write your relationship to the child (e.g., “parent” or “guardian”). Sign your name and write your account number (or your child's custodial account number.)
Endorsing Checks
In most cases, parents can cash checks made out to minor children with the proper documentation. According to the U.S. Department of State, the parent of a minor who provides chief support to the minor may endorse a check.
Just like cash, a check can be deposited into another person's account at a branch when you present it to the teller, along with the recipient's name and account number. Unlike cash, the downside is your bank won't always make the funds available immediately.
Cross out the mistake and write the correction on the check.
Avoid scribbling out the mistake—just one solid line will do. If it's a misspelled name, write the misspelled name and the corrected name on the back of the check with your signature.
Cash It at the Issuing Bank
If you want to cash a check on behalf of someone else, take the check to the issuing bank. This will make the process of getting it cleared less time-consuming. Present the check at the counter of the bank it is issued by.
Wells Fargo customers may run into a new rule that they'd might consider to be rather inconvenient. Individuals are no longer able to deposit cash into someone else's Wells Fargo account. It is a rule that has also been enforced by many other major U.S. banks in an effort cut down on illegal financial activity.
Write “Pay to the Order of” and the Third Party's Name Below Your Signature. It's important to write the name of the person that you are signing the check over to in the endorsement area under your signature. This signals to the bank that you are endorsing the transfer of ownership for the check.
If the check is issued to two people, such as John and Jane Doe, the bank or credit union generally can require that the check be signed by both of them before it can be cashed or deposited. If the check is issued to John or Jane Doe, generally either person can cash or deposit the check.
The first would be that Spouse A simply endorses the check and someone – Spouse B or any other party – can take it to the bank. The bank will accept the check because Spouse A is an equal owner on the account into which the check is being deposited.
It's the simplest way to handle the check. Since both names are on the account, the bank accepts the check automatically. Many banks and credit unions also let you deposit joint checks through mobile apps or ATMs this way. Keep in mind that you have to have a joint account.
Multiple Payees
If a check is made out to multiple people, look for “and” or “or” in the pay-to line. If the check is made out to “John and Jane Smith,” then John and Jane must both endorse the check. If the check is made out to “John or Jane Smith,” then John OR Jane can endorse the check.