The payee
Yes, a check made payable to cash can be negotiated by whoever holds the item.
I can provide you with a check made out to John Smith for 500.
To clarify, I owe money at US Bank for a defaulted credit card with them. I have a TCF checking account. If I try to deposit a check made payable to me, and that check happens to be a US Bank check, can US Bank seize the check made payable to me even if I deposit it into my TCF checking account? Not sure if they will see that US Bank funds are made payable to me from someone else's account. Any insight would help! Thanks!
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. That is exactly why trustees must be appointed to act for the trust. Since a trust is a legal relationship it must have a person who can act for it in the real world, including the signing of checks. However, the bank will require a certificate or affidavit confirming the person presenting the check is the trustee. It may also require a copy of the trust and any amendments.
yes
If it is made payable to you, yes. If you are the remitter (purchaser - person paying with the check), no.
Yes, a check made payable to cash can be negotiated by whoever holds the item.
No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
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.
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.
RECEIVABLE
No
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 can provide you with a check made out to John Smith for 500.
To the bank
No