The three types of check endorsements are blank, restrictive and special. Each type of endorsement has its own rules for depositing or cashing the check.
A blank endorsement, the most common type, is endorsed by the payee and presented to the bank for cash or deposit. A restrictive endorsement is done by writing "For deposit only" in the endorsement area, instead of the payee signing his name. This type of endorsement is only to be deposited to the payee's account at his financial institution.
A special endorsement is used when the payee wishes to sign a check over to another person. This is done by the payee signing his name, then writing "Pay to the order of (new person's first and last name)." The new payee then signs his name in the endorsement area and cashes or deposits the check.Learn More
A cashiers check does not have to be signed by the person sending money. The person who cashes the check must sign it at the time she cashes or deposits it. The bank fills out any documents needed to pay money through a cashiers check and reviews the account.Full Answer >
In most cases a personal check is valid for 180 days from the date it was written. If the check is not cashed or deposited by then, it is considered void. Most banks will refuse payment of the check if it is presented after this period.Full Answer >
To sign over a check to an individual, other than the original recipient, the original payee should write 'pay to the order of' on the back of the check. Then the payee should list the individual receiving the check followed by the signature of the original recipient.Full Answer >
To sign a check over to another person, ask the other person's financial institution if it allows this type of endorsement. If it does, sign your name on the back of the check, then write the name of the other person underneath your signature.Full Answer >