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Endorsing to cheque to someone else

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Old 05-10-2005, 10:57 AM   #1
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Endorsing to cheque to someone else

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?
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Old 05-10-2005, 11:00 AM   #2
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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.
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Old 05-10-2005, 11:00 AM   #3
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did the person sign the back of the cheque?

alot of banks won't even cash endorsed cheques anymore.
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Old 05-10-2005, 11:00 AM   #4
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Re: Endorsing to cheque to someone else

Quote:
Originally posted by PinkAngeL
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?
just write your account number on the back and sign it. & get them too sign it.
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Old 05-10-2005, 11:01 AM   #5
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Quote:
Originally posted by Booty Bits
did the person sign the back of the cheque?

alot of banks won't even cash endorsed cheques anymore.
They do if you put it through a bank machine, and spend the money b4 they cash the cheque through their system.
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Old 05-10-2005, 11:01 AM   #6
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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.
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Old 05-10-2005, 11:03 AM   #7
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Quote:
Originally posted by Re: Shoe
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.
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.
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Old 05-10-2005, 11:03 AM   #8
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phone your bank, representatives are standing by,...
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Old 05-10-2005, 11:06 AM   #9
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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.
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Old 05-10-2005, 11:07 AM   #10
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Quote:
Originally posted by unique2100
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.
Do you just use the machine or should I go to the teller
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Old 05-10-2005, 11:08 AM   #11
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Quote:
Originally posted by unique2100
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.
you've been lucky.
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Old 05-10-2005, 11:10 AM   #12
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Quote:
Originally posted by LivingRoomPornstar
you've been lucky.
Ok you work there
What do I do then? Help
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Old 05-10-2005, 11:23 AM   #13
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Quote:
Originally posted by PinkAngeL
Do you just use the machine or should I go to the teller
Machine. for sure this way theyve already given you the $, so they arent gonna hassle you with inerbank politics.
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Old 05-10-2005, 11:33 AM   #14
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Quote:
Originally posted by PinkAngeL
Do you just use the machine or should I go to the teller
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.
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Old 05-10-2005, 11:34 AM   #15
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Quote:
Originally posted by Vote Quimby
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.
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.
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Old 05-10-2005, 11:41 AM   #16
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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?
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Old 05-10-2005, 11:42 AM   #17
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Quote:
Originally posted by FoxyM
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?
Apparently not lol
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Old 05-10-2005, 11:45 AM   #18
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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.
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Old 05-10-2005, 11:48 AM   #19
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Quote:
Originally posted by unique2100
Apparently not lol
harhar... i was more thinking could it be a problem? Should I be doing something different?
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Old 05-10-2005, 11:48 AM   #20
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Quote:
Originally posted by unique2100
They do if you put it through a bank machine, and spend the money b4 they cash the cheque through their system.
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...
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Old 05-10-2005, 11:50 AM   #21
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Quote:
Originally posted by vveerrgg
when was the last time you've done that? I'm sure if you tried today they'd send it back......

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.
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Old 05-10-2005, 01:02 PM   #22
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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.
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Old 05-10-2005, 01:26 PM   #23
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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.
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Old 05-10-2005, 01:49 PM   #24
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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.
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Old 05-10-2005, 02:25 PM   #25
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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 by randyval; 05-10-2005 at 02:28 PM.
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