The check was payable to my husband and myself; however, we are separated and do not have a joint account. I want to deposit the refund check in my account since I paid for the premiums.
2006-08-26 10:28:08 · 6 answers · asked by Susie Q 1 in Business & Finance ➔ Personal Finance
Technically speaking, both you and your husband have to endorse the check if you do not have a joint account. If you try the ATM method, you are still liable if the company who issued the check returns it for improper endorsement. Also, the bank may not accept it in the first place, even if you put it in an ATM.
2006-08-26 11:19:30 · answer #1 · answered by The Pulverizer 4 · 0⤊ 0⤋
Trust me I'm a banker. Depending on the dollar amount, both will have to come into the bank. Its ok if you do not have a joint account. If you like, you can go ahead and deposit the check into your account. He only needs to be present to sign and finger print the check. By depositing through the ATM you are running a risk that it will be returned and they will ask for both of you to visit a branch. Trust me. They will catch it. Its better to do it the right way if you like to have access to your funds sooner. If its over 1000 chances are that they will return it if you use the ATM.
2006-08-29 04:13:13 · answer #2 · answered by V 3 · 0⤊ 0⤋
Women are so sneaky. I forgot to endorse a check once and called the bank about it latter that day. The teller said she would write for deposit only on it and that would take care of it. It was my check and my account. A two party check with only one of the parties owning the account could be different.
2006-08-26 17:35:09 · answer #3 · answered by Wile E. Chipotle 3 · 0⤊ 0⤋
DO NOT try to deposit a check made out to someone else thru the ATM......I worked at a bank and they held the check for 30 days!!!!.
Call the issuer and have them cut a new check payable to you.
2006-08-27 13:14:05 · answer #4 · answered by Paula M 5 · 0⤊ 0⤋
I will tell you how to get around it - sign only your name, but deposit the check via an ATM. The company (Diebold) or whoever, doesn't really "check" for matching signatures - if you want to, put a second scribble that "could" be his signature. Yes, this is technically fraud, but you can say you didn't know that both signatures needed to be on it, and as long as the second scribble could be anything, you could say your pen was out of ink. Trust me, highly unlikely it will ever be caught.
2006-08-26 17:31:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Write "FOR DEPOSIT ONLY" and your account number on the back of your check(s) with your endorsement.
However, the ATM Diebold method is quite creative.
2006-08-26 17:34:33 · answer #6 · answered by JFAD 5 · 0⤊ 0⤋