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.
Having Someone Endorse a Check So You Can Deposit It In Your Account. The exact process whereby someone endorses a check so that you can deposit it into your own account may vary from bank to bank or credit union to credit union. In general, this involves the person writing your name on the back and signing the check.
You can deposit a check for someone else as long as it has the payee's signature and includes the phrase “for deposit only.”
A person can deposit a check for someone else with nothing more than the payee's signature on the back, but this brings its own risk. With nothing more than a signature, the person who is supposed to deposit the check could just cash it, instead.
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.
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.
You can make deposits in a snap with your iPhone® or Android™ device. Due to a new banking regulation, all checks deposited via a mobile service must include: “For Mobile Deposit Only” handwritten below your signature in the endorsement area on the back of the check or the deposit may be rejected.
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.
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.
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.
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.
Answer: A financial institution should never knowingly allow a custodian or any fiduciary to deposit checks made payable either to the ward or the individual in the capacity of a custodian/fiduciary into the personal account of the custodian/ fiduciary.
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.
In the Chase Mobile® app, choose “Deposit Checks” in the navigation menu and select the account. Enter the amount of the check and tap "Front". With our "Auto Capture" feature, the picture of the front and back of the endorsed check will be captured — or you can choose to take the pictures manually.
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.
Unfortunately, due to risk factors including the potential for fraud, we can't accept third-party verification that a check has cleared the originating bank account in order to release a deposit hold.
You can deposit checks payable in U.S. dollars and drawn at any U.S.-based bank, including personal, business, and most government checks. Checks must be payable to, and endorsed by the account holder.
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.
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.
Banks don't have to accept checks that are more than 6 months (180 days) old. That's according to the Uniform Commercial Code (UCC), a set of laws governing commercial exchanges, including checks.
Because paper checks have no actual monetary value themselves, banks have to verify whether the transaction can actually be completed or not.
Checks don't expire and the funds must be turned over to the state, if they are not claimed. Unclaimed wages, commissions and ordered refunds must be turned over to the state after one year.
Unless it's an especially large check from a foreign source, you don't have to report personal check deposits to the Internal Revenue Service. However, if you deposit more than $10,000 in cash, you will need to complete and submit a tax form within 15 days.
For older children, have them sign their names in the endorsement area. Note that some banks might require that your child has a custodial account or provide identification documents to cash the check. Some banks might still need your signature, so sign your name under theirs to be safe.