2006-06-13 10:43:28 · 17 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
In most cases, no. When you sign a check of virtually any kind over to another party, typically you do not have to be there. The only time that you may have to be present is when it is specifically stated in writing on the back of the check. In any event, if the back of the check states that you cannot sign it over, the third party would have to be present to transfer funds to said party's account. Ka-Boom,
-J.
2006-06-13 10:58:46 · answer #1 · answered by Jason 4 · 2⤊ 0⤋
It matters on the bank where they are cashing it. If they are at the bank where the funds are drawn, then there is a good chance they will not cash it as there is too much risk of fraud.
If they are cashing it at a bank where they have their own account, then it would matter on bank policy, size of check, and their relationship with the bank. In this case, you might or might not have to be present, however, plan on going due to the risk of fraud in these cases.
Another thing to consider is what is the person's relationship to you? I used to cash these checks for my good clients if it was their immediate family member. However, second cousin of my next door neighbor's hairdresser? I don't think so.
2006-06-13 17:50:15 · answer #2 · answered by Raidered81 3 · 0⤊ 0⤋
That depends on the bank cashing it.... some have stricter policies than others. However I would say a large majority of the time simply writing "Pay to the order of ______" then singing it is sufficient. Then all they would have to do is sign as well and a bank usually will have no problems with that.
2006-06-13 17:48:01 · answer #3 · answered by MaybeToday 2 · 0⤊ 0⤋
No, you don't have to be present. All you have to do is to sign the check. Then you can give it to someone, for them to cash of their own requiring no presence of yours.
2006-06-13 17:46:44 · answer #4 · answered by boxer111 3 · 0⤊ 0⤋
No you just have to put the date and the amount and write the amount out and put why you are giving the check to them and your signature. They have to sign the back when they cash it.
2006-06-13 17:50:04 · answer #5 · answered by katrina 2 · 0⤊ 0⤋
depends on where you cash it and whether you want the cash right away. if you can wait 7-10 days, you don't. but cash right away, you will need to be present
2006-06-13 17:48:33 · answer #6 · answered by mz_elegant_1 3 · 0⤊ 0⤋
Nope
2006-06-13 17:48:54 · answer #7 · answered by Ace Librarian 7 · 0⤊ 0⤋
No just make sure you sign the bottom and have them sign the back.
2006-06-13 17:46:30 · answer #8 · answered by meganzss 2 · 0⤊ 0⤋
Nope.
2006-06-13 17:46:36 · answer #9 · answered by Anonymous · 0⤊ 0⤋
No you dont have to be present. There would be no use for cheques otherwise, would it?
2006-06-13 17:46:53 · answer #10 · answered by ishawon 2 · 0⤊ 0⤋