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It means to take it to the bank and have them credit it to one of your accounts at that bank. If you receive cash for the check it is 'cashing a check.'

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14y ago

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For deposit only mean on a check?

Technically, it means that that check cannot be cashed, it can only be deposited into the account listed on the back of the check. (Actually that's not always the case.)


What is an uncredited lodgement?

Uncredited lodgment is an uncredited check. It means the payment or deposit has not been credited to the account yet.


What is teller cashed check?

It means whoever you wrote the check to cashed it inside a bank. The person cashing the check had the amount in his/her account to cover it and didn't deposit it waiting for it to clear.


What must you do to deposit a check?

First, open a checking or savings account at a credit union or bank. Second, fill out a deposit slip. Third, endorse the check (sign it on the back in the area reserved for endorsement). Last, have the teller deposit the check in your account. You may be able to endorse the check and mail it in for deposit. Ask you bank or credit union about their procedures for that. If you do mail a check for deposit, include the phrase "for deposit only" along with your signature in the endorsement.


What is writing for deposit only on a check called?

Insurance (sort of). If you signed a check to take the bank and then lost it, someone else could write "Pay to the order of:" put their name on it, sign it again and then they'd be able to deposit it for themselves. Putting "For Deposit Only" means that it cannot be payable to anyone else. There really isn't a word that defines putting the phrase on a check though.

Related Questions

What does "for deposit only" mean when written on a check?

"For deposit only" written on a check means that the check can only be deposited into a bank account and cannot be cashed.


Is it possible for me to cash a check that is marked "for deposit only"?

No, if a check is marked "for deposit only," you cannot cash it. This restriction means the check can only be deposited into an account and not exchanged for cash.


What is returned deposit item?

This means the bank has bounced a check that was deposited.


What are negotiated checks?

When your your check says negotiated it usually means direct deposit.


How can I deposit a cashier's check?

To deposit a cashier's check, you can visit a bank or credit union and fill out a deposit slip with your account information and the check amount. You can then give the check and deposit slip to a teller or use an ATM to deposit the check into your account.


How do I deposit a cashier's check?

To deposit a cashier's check, you can go to a bank or credit union and fill out a deposit slip with your account information and the check amount. Then, give the check and deposit slip to a teller or use an ATM to deposit the check into your account.


Can you deposit an unsigned check?

No, you cannot deposit an unsigned check.


Can you deposit an emailed check?

No, you cannot deposit an emailed check. You need to physically deposit a check at a bank or use a mobile banking app to deposit it electronically.


Can I deposit a check that was emailed to me?

Yes, you can deposit a check that was emailed to you by using a mobile banking app that allows for remote check deposit.


Can I deposit an unsigned check?

No, you cannot deposit an unsigned check. The check needs to be signed by the person who wrote it in order for it to be valid for deposit.


What does for deposit only mean on a check?

I means exactly what it says, that the check can only be deposited, not cashed and no cash back on a deposit. An even more restrictive endorsement would be "for deposit only in acct. xxxxxxx". Generally speaking, people use this endorsement to prevent someone from stealing the check and then cashing it out.


Can you deposit only a portion of a check into your account?

Yes, you can deposit only a portion of a check into your account by writing "For Deposit Only" on the back of the check and specifying the amount you want to deposit.