Want this question answered?
If you are the maker of the check - that is, the person who is writing the check to pay someone else - you should sign on the front of the check and NOT on the back. The back of the check is for the payee's endorsement. The front of the check has a signature line for the maker to sign.
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
The short answer is No. However, if the original payee signs the check over to you by endorsing the back your Financial Institution may negotiate the check as 2nd party. Besides that you must have the check re-issued by the remitter (the person who wrote the check).
That is called endorsing the cheque. It's know as an endorsement.
Tell me the name that is written in the payee section of the check in question.
If you are the maker of the check - that is, the person who is writing the check to pay someone else - you should sign on the front of the check and NOT on the back. The back of the check is for the payee's endorsement. The front of the check has a signature line for the maker to sign.
To endorse a check made out to yourself, sign your name on the back where it says "Endorse Here." This signature should match the name written on the front of the check. If you are depositing the check, you may also need to write "For deposit only" and include your account number below your signature.
To transfer a check to another person you can sign the back and have them sign the back, as well. Once they sign the check, it is their check.
depends. If you are recieving the money or someone else is. Payee is the person to which the cheque is being recieved, they are the once getting paid, hence the payee. The person paying is the payer. Endorsement of payee requires only the signature of whom is getting paid
Yes, bring the check back to your bank.
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
No.
a payee is wait whats a payee
Whatever the payee does with the check is immaterial. You borrowed money from the bank and are legally obligated to pay the loan back.
payee can endorse the check in favour of another party and sign on the check
I addressed the check to the payee.
The short answer is No. However, if the original payee signs the check over to you by endorsing the back your Financial Institution may negotiate the check as 2nd party. Besides that you must have the check re-issued by the remitter (the person who wrote the check).