Endorsing to cheque to someone else

Discussion in 'TRIBE Main Forum' started by PinkAngeL, May 10, 2005.

  1. PinkAngeL

    PinkAngeL TRIBE Member

    I have a cheque to cash in someone else's name, but it is being put into my account.
    Not sure how this is done.
    Anyone know what I need to deposit it?
     
  2. Lil'Timmy

    Lil'Timmy TRIBE Promoter

    That someone should put on the back:

    To be deposited to:
    name (yours)
    branch/bank
    account number

    Thats how I did it back in the day.
     
  3. Booty Bits

    Booty Bits TRIBE Member

    did the person sign the back of the cheque?

    alot of banks won't even cash endorsed cheques anymore.
     
  4. unique2100

    unique2100 TRIBE Promoter

    just write your account number on the back and sign it. & get them too sign it.
     
  5. unique2100

    unique2100 TRIBE Promoter

    They do if you put it through a bank machine, and spend the money b4 they cash the cheque through their system.:)
     
  6. Re: Shoe

    Re: Shoe TRIBE Member

    If you try to deposit it in your account, your bank will likely refuse to honour it. Having the other person sign the back doesn't really mean much.

    Get the other person to cash it themselves, and give you the cash.
     
  7. unique2100

    unique2100 TRIBE Promoter

    Disagree. I'm with TD I always cash cheques for my hobo friends with no issues. Sometimes I forget to sign them or put my account number on them. The banks are smart they'll figure it out. Never had a problem.
     
  8. saskboy

    saskboy TRIBE Member

    phone your bank, representatives are standing by,...
     
  9. Vote Quimby

    Vote Quimby TRIBE Member

    Once a person signs the back of a cheque which is payable to them, it is considered endorsed. It can then be cashed by anyone.
     
  10. PinkAngeL

    PinkAngeL TRIBE Member

    Do you just use the machine or should I go to the teller
     
  11. LivingRoomPornstar

    LivingRoomPornstar TRIBE Member

    you've been lucky.
     
  12. PinkAngeL

    PinkAngeL TRIBE Member

    Ok you work there
    What do I do then? Help
     
  13. unique2100

    unique2100 TRIBE Promoter

    Machine. for sure this way theyve already given you the $, so they arent gonna hassle you with inerbank politics.
     
  14. Sunshyne Jones

    Sunshyne Jones TRIBE Member

    i can deposit via BMO bank machine and take out the $ right away, but my friend's account at a different bank (Scotia) holds the funds until the deposit is processed.

    depending on which way your account / bank is set up, you might want to go to the teller if'n you want the $ right away.
     
  15. Sunshyne Jones

    Sunshyne Jones TRIBE Member

    righto.
    that's why you shouldn't sign the back of the cheque (endorse it) until right when you're gonna cash it. or when you're handing it off to someone else for them to cash.

    if you lose an endorsed cheque, then the person who finds it can cash it.
     
  16. FoxyM

    FoxyM TRIBE Member

    I have a question endorsing cheques:

    I didn't change my last name when I got married. People sometimes give me cheques with my first name but my husband's last name. I usually cash them in and haven't had any problems with them yet... Is this a problem?
     
  17. unique2100

    unique2100 TRIBE Promoter

    Apparently not lol:)
     
  18. grounded4life

    grounded4life TRIBE Member

    I thought all you had to do was have both parties names on the back of the cheque and you were set to go. That's always worked for me in the past.
     
  19. FoxyM

    FoxyM TRIBE Member

    harhar... i was more thinking could it be a problem? Should I be doing something different?
     
  20. vveerrgg

    vveerrgg TRIBE Promoter

    when was the last time you've done that? I'm sure if you tried today they'd send it back......

    My experience: I had a check my roommate wanted to cash to me.... we had to BOTH go to the bank and he had to sign it INFRONT OF THE TELLLER!

    talk about a huge hastle!

    I mentioned the whole bank machine thingie and that I did it in person cause we needed access to the money right away (we were going to Berlin). The Teller told us that they stopped doing that a couple of years ago.....

    so if you're still getting away with it... consider yourself lucky...
     
  21. unique2100

    unique2100 TRIBE Promoter

    Umm couple weeks ago. But my account I can cash cheques upto $600 and get that money right away. TD is good I've heard bad things about other companies. I pay them liek $10 a month in service charges to have an account I never use. They can do a little leg work for me.
     
  22. Amy_J

    Amy_J TRIBE Member

    I'm with Royal and they've never given me a problem. As long as the person the cheque is made out to signs the back they shouldn't give you a problem. I cash my bf's all of the time and he doesn't even sign them anymore. He signed the first two I cashed for him and they've never said anything about it.

    After the cheque is deposited said persons bank/work or whatever verifies the payye/information/signature with said persons account information or from the issuer. If there is any kind of discretion they call said person/company etc. to verify. If there has been a stop payment put on the cheque for any reason then whoever's account the cheque was deposited to will be responsible for the funds.

    CIBC never gives me a problem cashing cheques for my work. The cheques are usually payable to "cash". I endorse and they just take my license number for liability purposes.
     
  23. PinkAngeL

    PinkAngeL TRIBE Member

    stuck it in the bank machine

    Technically TD Canada Trust don't do the signing over of a cheque, so guess I will have to see what happens
    I asked a teller, so I hope it goes through the machine.
     
  24. KillaLadY

    KillaLadY TRIBE Member

    you need to sign your cheque, the other person needs to sign the cheque as well...
    At least that's how I do it with Jay - no problems.
     
  25. randyval

    randyval TRIBE Member

    i do it all the time with my g/f's account.
    just have the cheque indorsed and drop into the bank machine, it takes a few days though, but she has never had a problem with it eventually being cashed.
    we have never tryed going to the teller, so im not sure what they will say.

    edit:she uses TD/ canada trust,
     
    Last edited: May 10, 2005

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