0
Both parties would need to be present (with ID) at the financial institution so that both endorsements can be verified to cash the check. - this depends on certain factors, depending on type of check and/or financial institution.
In some cases the payee can endorse the check over to another person by adding certain phraseology, and the original payee may or may not have to be present for the second endorser (payee) to be able to cash the check - ID in either case is usually required. Or, the "new" (second) payee would have to show ID, and/or use a bank he/she has an account. Sometimes banks will require that it be deposit only, for safety/protection of both the bank and the original payee, to "hold" it for 3-5 days before releasing funds from an account.
To save typing out all scenarios one can or can't will only make this into a long article there are many factors, and it's not a yes or no answer. Example of other factors: say the payee, first or second, does successfully cash the check, but later it's found that there were not sufficient funds, someone can be in big trouble. Both financially and legally.
(See sources for more info; esp. those relating to Check Fraud)
What else can I help you with?
Is it possible for me to cash a cashier's check that is made out in someone else's name?
No, you cannot cash a cashier's check that is made out in someone else's name. The check is intended for the payee listed on it, and you would need the payee's endorsement to cash it.
Is it possible for someone to cash a check that is not in their name?
No, it is not possible for someone to cash a check that is not in their name without proper authorization or endorsement from the payee.
Can someone cash a check if its not made out to them?
Generally no unless the original payee has signed the check over to another person.
What is the reason to never write a check with cash in the pay to order of line?
It is not a good idea to write a check with "Cash" as the payee because if you or the payee lose the check, anyone could pick it up and cash it, and the bank would not be responsible for the lost funds, since making a check payable to "Cash" essentially allows anyone holding the check to cash it.
What is the process for conducting a check without including the payee's name?
To conduct a check without including the payee's name, you can write "Cash" or "Bearer" on the payee line. This allows anyone to cash or deposit the check, so it's important to keep it secure until you're ready to use it.
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.
How do you Cash a check forf a person who died?
You must contact the Maker (the persos or company who issued the check) and ask them to re-issue the check to a living Payee or the the estate of the dead payee.
What is a payee?
The payee is the one that receives a payment. On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account. On a promissory note he is the one who receives the money from the loan.
When would you ues a certified check?
When the persone receiving the check, the payee, wants to ensure that there are sufficient funds and that the check wont bounce. A certified check is as good as cash and a more secure method of payment for the payee.
Can a cashier's check be made payable to cash?
No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
How do you use a cashier's check?
A cashier's check is used in the same way as a personal check might be used. If you are the remitter (person paying with the check), you simply give the check to the Payee and they will negotiate it like any other check. If you are the Payee, you can either cash or deposit the check in the same way you would be able to cash or deposit any other check (except cashier's checks are not subject to the same lengths of deposit holds as other types of checks).
Can you use account payee checks as self check?
No. An Account Payee cheque can only be paid into a bank account and not as cash, which is the case for a self cheque.
