No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
RECEIVABLE
Yes, a cashiers check is signed by an authorized representative of the bank. Then the person the check is made payable to will have to endorse the back of it, just as is done on any other type of check.
Yes, you can cash a cashier's check made out to cash at most banks or credit unions, as long as you have valid identification. However, some institutions may have specific policies or require you to hold an account with them. It's advisable to check with the bank where you intend to cash the check for any fees or requirements. Additionally, ensure that the check is legitimate and not damaged, as this could affect cashing it.
No. It is illegal. Only the person on whose name the check is issued can cash it. If the person to whom the check is issued is dead and you are the legal heir of the beneficiary then you can cash it. In all other cases - NO.
If a cheque is made payable to two people, then both must endorse it (i.e., sign the back).
RECEIVABLE
Yes, a check made payable to cash can be negotiated by whoever holds the item.
I received a cashiers check from a bank that was payable thru Wachovia. I took the check to a Wells Fargo and they stated that the check was deposit only. So I opened an account and the funds were available the next day, which was a Saturday.
Yes, a cashiers check is signed by an authorized representative of the bank. Then the person the check is made payable to will have to endorse the back of it, just as is done on any other type of check.
I want to have a cashiers check made out without the remitters name on it. Can I?
Yes, you can cash a cashier's check made out to cash at most banks or credit unions, as long as you have valid identification. However, some institutions may have specific policies or require you to hold an account with them. It's advisable to check with the bank where you intend to cash the check for any fees or requirements. Additionally, ensure that the check is legitimate and not damaged, as this could affect cashing it.
No. It is illegal. Only the person on whose name the check is issued can cash it. If the person to whom the check is issued is dead and you are the legal heir of the beneficiary then you can cash it. In all other cases - NO.
If a cheque is made payable to two people, then both must endorse it (i.e., sign the back).
cash book
No. Firstly you cannot cash a check made out to another person and it is a crime. Secondly, if you want to open an account in your name, you can use only cash or a check that is payable in your name i.e., the name of the account holder. If you try to use the other persons check, the bank may politely refuse you or in worst case raise a complaint against you for forgery with the cops.
If a contractor requests a check to be made out to cash, it is not recommended as it can be risky and lacks accountability. It is best to make checks payable to the contractor's business name to ensure proper record-keeping and financial transparency.
While personal checks and money orders are not guarranteed by banks, a cashiers check is. A cashiers check is written by a financial institution/bank on its own funds. The check is then signed by a representative of the financial institution/bank and made payable to a third-party. A cashier's check is secured, with the funds being guaranteed, because the amount of the check must first be deposited by the individual into the issuing institution's own account. The person or business to whom the check is made out will receive the funds no matter what.