1 / 11

Consumer Math

Consumer Math. Endorsing Checks. Depositing/Cashing Checks. There are 5 different methods of endorsing a check Signing the check For deposit only Transferring the funds Business checks Insurance checks. Endorsing a Check. Method 1: Just sign the check. Endorsing a Check. Method 1

dempster-maximiliano
Download Presentation

Consumer Math

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Consumer Math Endorsing Checks

  2. Depositing/Cashing Checks • There are 5 different methods of endorsing a check • Signing the check • For deposit only • Transferring the funds • Business checks • Insurance checks

  3. Endorsing a Check • Method 1: Just sign the check

  4. Endorsing a Check • Method 1 • Sign on one of the gray lines • Make sure the name on the front of the check matches how you’ve signed • Ie. If I make a check out to Steph Findlay, she should sign it Steph, not Stephanie • Make sure the person the check is from signed it and filled it out properly

  5. Endorsing a Check • Method 2: Endorse for deposit only

  6. Endorsing a Check • Method 2 • Endorsing for deposit only can make the check more secure • If you give the check to someone else to bring to the bank you don’t have to worry about them taking your money • You can also write the bank name and account number below to ensure it goes to the right place

  7. Endorsing a Check • Method 3: Endorse a Check for Transfer

  8. Endorsing a Check • Method 3 • Sign Your name at the top • Write pay to the order of and the person’s name below your signature • The person you’re giving it to will sign below that • You may need to go with the person so they can cash it, especially at more cautious banks

  9. Endorsing a Check • Method 4: Endorsing a business check

  10. Endorsing a Check • Method 4 • Write the business name/information • Write your name/position • Write for deposit only and the account number

  11. Endorsing a Check • Method 5: Insurance Checks • Insurance checks are often written out to a bank or financial institution and whoever owns the property. This could be one person or several people. • Everyone that’s name is on the check must endorse it. • A agent from the financial institution must also sign and will likely also put other information regarding the institution on it as well.

More Related