How can I endorse a $25,000 check to someone? Any body can help? I have a $25,000 check that I want to give to someone else, how can i transfer the check to him?
2006-09-18 23:16:16 · 5 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
A bank may be suspicious if you endorse such a large check to someone else and they may refuse it on money-laundering grounds.
But otherwise there is no legal reason why a US$ check payable in the USA and made out to an individual cannot be endorsed over to another individual for deposit in his or her account.
Last year a Candian bank refused to allow me to deposit a government cheque made out to me for under $200 into a company account. I had never encountered that before, although it is the general rule in England as well.
Ask your bank for advice. Nobody else can tell you anything authoritative.
2006-09-18 23:19:21 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You'd better make sure that check is good before passing on to anyone else or you could be sued the moment your signature is on it ... and I am talking felony. You are better off cashing that check with a bank, waiting for it to clear, and then transferring the money to the intended party in the form of a cashier's check or money order.
2006-09-19 06:34:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Write on the back "Pay to the order of...." and the name of the other person.
Not all banks accept such an endoresement
2006-09-19 06:18:36 · answer #3 · answered by Chief BaggageSmasher 7 · 0⤊ 0⤋
Go too your bank and tell them you want to make a wire transfer to this other persons account and they will do it for you.
2006-09-19 06:45:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
scam artist
2006-09-19 06:18:01 · answer #5 · answered by kelsey 5 · 0⤊ 1⤋