no. It must be deposited in an account "owned" by the trust. Once in that account, the trustee(s) [i.e. you] can move the money wherever it needs to go ... including into your personal account.
If you endorse it as payable to them it will usually be accepted for deposit into someone else's account.
Yes, you can endorse a check for someone else to deposit in any account, yours or his or some random person in the Middle East. Once you endorse the check, it is considered "as good as cash" unless you write "For Deposit Only" on the back as well - then it must be deposited into a bank account somewhere. If you trust the person who will be depositing the check, feel free to endorse the check and let them take it to a bank or ATM for depositing into your account - they will need your bank deposit slip or your bank card with PIN to do so.
To properly endorse the back of a check for deposit, sign your name exactly as it appears on the front of the check. You may also need to write "For Deposit Only" followed by your account number.
Endorse, or sign, the check on the back. Put your account number on there and write For Deposit Only.
You can deposit someone else's check in your account if they sign it over to you. They need to endorse it over to the person they wish to have it and sign underneath.
You can deposit someone else's check in your account if they sign it over to you. They need to endorse it over to the person they wish to have it and sign underneath.
You can obtain a deposit stamp for checks by ordering one from a printing company or your bank. It typically includes your account number and the words "For Deposit Only." You can use this stamp to endorse checks for deposit into your account.
To endorse a check made out to your business you just write for deposit only in the endorsement section on the back of the check.
cAN A poa NAME THEMSELVES AS A BENEFICARY
To deposit a personal check into your business account, you can visit your bank branch or use a mobile banking app to deposit the check electronically. Make sure to endorse the check with your signature and write "For Deposit Only" followed by your business account number.
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.
people are using electronic bankingYes. Here's what you do:Make out the check to yourself.Sign it.On the back, endorse it this way:FOR DEPOSIT ONLYINTO ACCOUNT NO. [write your account no.]AT [write name of Bank]NOT TRANSFERRABLE[sign your signature here]The reason you endorse it this way is to prevent anyone from stealing the check.Then give this check to your helper along with a deposit slip for the destination account. They should then go through the drive-through or to a teller and have no problem depositing the check.