A cheque can be cashed by someone other than the person named on the front of the cheque if they counter-sign it. Check with your financial institution to find out if they accept counter-signed cheques.
Can you deposit a cheque made out to someone else?
You can deposit a check made out to someone else in your own bank account if the payee endorses the check over to you. They will need to write “Pay to <your name>” on the back of the check and sign it.
How do I endorse a cheque to someone else in Canada?
If you wish to sign the check over to someone else, you will need to write “Pay to the order of” and then fill in that person’s name and sign it. These endorsement methods can be used on a Canadian check, although you may need to appear in person with the depositor for a full endorsement.
Can I deposit a cheque that is not in my name?
You do a blank endorsement by simply signing your name on the back of the check. Then, when you’re at the bank, you tell the teller if you want to cash it or deposit it. People will also do a blank endorsement when they’re depositing a check through an ATM or using mobile deposit.
Can I deposit someone else’s check in my account TD Bank?
Many banks are happy to accept a deposit as long as you know the account number where you want the money to end up. For example, TD Bank will allow someone else to deposit your paycheck into your account but points out that the bank doesn’t recommend sharing your account information with anyone.
How do you give a cheque to someone else?
You just have to fill the name of the payee and amount to transfer in the cheque. Give the cheque to the other person then he/she will fill the deposit form and attach the cheque with it and deposit. After a period of 3 days the amount will be transferred to the person’s account.
WHO endorses a cheque?
Accepting and depositing a cheque
Or, if someone is giving you a cheque made out to them, it also needs their signature on the back. For example, if the cheque is for your company and John Smith, you need John Smith’s signature on the back to deposit it. Signatures on the back of cheques are called endorsements.
Can I deposit someone else’s check in my account online?
It’s perfectly legal to try, but banks aren’t required to honor your instructions. 3 Banks may have policies against this practice, or they may think that a third-party check is a red flag, so they can refuse to deposit or cash these checks.
Can I deposit my moms check into my account?
Can I have my mom deposit my check into my account? – Quora. Yes she can. Just sign the back of the check and write “For deposit only” underneath your name. She will need a deposit slip or account number.