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First because a business is not a person and therefore can't sign the check. (Sounds stupdi but not if you think about it.) Second... and more importantly... if the business is a Corporation, Limitied Liability Company, or other limited liability type entity any checks received SHOULD de deposited into that business' account to keep the integrity of the business intact and to avoid possible losss of personal assets in the event the company is sued and "piercing motions" are initiated. Which basically means that since you did not deposit and write checks from the proper accounts, there never really was a separate entty, and accordingly the "limited" status and it's protections are no longer available to you. Oddly, banks decline to permit either the owner or the company to decline this "protection." Also, so that the bank has another chance to charge both parties for insufficient funds. This is one of the few remaining profit centers for our financial institutions, which are strapped for funds due to their unwise investment policies related to real estate.
What else can I help you with?
How can I cash a check that is not in my name online?
You cannot cash a check that is not in your name online. The check must be endorsed by the payee and deposited into their own bank account.
Is it possible to cash a picture of a check?
No, it is not possible to cash a picture of a check. The physical check itself must be presented to a bank in order to be cashed or deposited.
Can I deposit a check with a different name at Chase?
No, you cannot deposit a check with a different name at Chase. The name on the check must match the name on the account for it to be deposited.
Can someone send me a check through email?
No, checks cannot be sent through email. They must be physically printed and signed before they can be deposited or cashed.
Can you cash a check written to your nickname?
No. The name written in a check must match the identity card you have or the name that is available in your valid bank account. If they don't match, the bank will not cash the check.
Who has the liability of endorsement on a deposited check?
The payee, who is the person the check is written to. If they don't sign the back of the check before they deposit it, then the bank the check is drawn on (where the person who wrote the check banks at) can return the check for up to 7 years after it is deposited into the payees account. If that happens, then the bank where the payee banks at (where the check was deposited) will usually debit your account for the amount of the check. Also, if a check is made out to more than one person and includes the word "and" between the persons names, then both must sign or it must be deposited into an account owned by all payees listed on the check and stamped by the bank. If the word "or" is between the names, then only one payee need sign it. If it is made payable to a business or trust, then it must go into a business or trust account. It cannot go into the personal account of the business owner or of a trustee.
If a person has a check dated on 1-4-2012 for 1000 dollars can we say that he has 1000 in his pocket now?
Technically the money is not in their pocket. The check must be deposited or cashed by the person it is written out to, or otherwise endorsed. If the payee does not cash or deposit the check, they cannot give it out like bills of currency. When the check is deposited, the money is taken out of the check writer's account and deposited to the person it is written out to. If you cash it instead, the institution gives you their money and takes money out of the check writer's account.
An account owner must do this in order to approve a check to be deposited into their account?
If you have a bank account and are trying to deposit a check, you will have to sign the back of that check. If the back is not signed, it cannot be deposited or cashed.
What must an account owner do in order to approve a check to be deposited into their account?
endorse
How can I cash a check that is not in my name online?
You cannot cash a check that is not in your name online. The check must be endorsed by the payee and deposited into their own bank account.
Is it possible to cash a picture of a check?
No, it is not possible to cash a picture of a check. The physical check itself must be presented to a bank in order to be cashed or deposited.
Can I deposit a check with a different name at Chase?
No, you cannot deposit a check with a different name at Chase. The name on the check must match the name on the account for it to be deposited.
Can your spouse use your business account to deposit checks with his name on it as long as he has access to the account?
This depends on your bank's policies, however, generally a check must be titled like the account is titled to be deposited into that account or the payee and the account holder must both present the check for deposit to verify they each agree to the deposit.
What is a kind of check guaranteed by a bank?
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.
Can you exchange a check made out to a business for a cashier's check?
Evidently not according to M & T Bank. Must be redeposited. If returned again there is no way except to find business that wrote your check.
Can someone send me a check through email?
No, checks cannot be sent through email. They must be physically printed and signed before they can be deposited or cashed.
Where new books must be deposited?
copyright library
