i'm fairly sure the answer is no but several people have said of course i can. anyone know for sure, or work in a bank perhaps?
thanks
2006-12-22 01:20:09 · 9 answers · asked by gemx24 3 in Business & Finance ➔ Personal Finance
In the UK NO.
If the cheque is crossed "Account Payee Only" then legally it must be paid into an account that is held in the same names as written as payee.
If a cheque is payable to 2 people then both parties have equal right to the money.
By paying the cheque into a sole account the Bank would be denying access to to the party who is named on the cheque but not named on the account.
If the cheque is not crossed account payee only then it may be possible to make arrangements with your Bank to accept the cheque but it would need to be endorsed by the other party and depending how much the cheque is for the Bank may also ask for a letter of authority and Identification from the party who is endorsing.
Hope this Helps.
2006-12-22 06:31:42 · answer #1 · answered by angie 5 · 0⤊ 0⤋
Well, the bank I work at would tell you no. I am not sure about other banks. That check, because your partner is not on your account, would count as a "third-party" check. There has been a great deal of fraud concerning these types of checks, and also most people are not aware of the consequences if the check is returned. If, for some reason, the check is returned, only you are responsible for paying for it, plus whatever fees your bank charges you. At Wells Fargo bank where I work, the company has had many problems with both fraud and customer dissatisfaction because they don't understand they have become liable for the check. I would ask the bank where your account is about their specific policies.
The other option is to go to the bank off of which the check is drawn and cash it there, and then deposit the cash into your account. As long as you and your partner are present and have two IDs each, just to be safe, the bank should cash the check for you even if you don't have an account there.
2006-12-22 09:30:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think you mean "Can I deposit" a check into your account.
She needs to go with you and sign the back in front of the bank teller (if she already signed they'll just make her sign again) and then you sign it and you deposit it.
I know for sure as I've done this plenty of times. You can even take a check that's written ONLY to her and deposit it into your account if she goes to the bank and writes "pay to__________" with your nameon it and hten endorses it.
2006-12-22 11:28:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes you can, just need to make sure your partner signs the check as well....unless the check actually states X name or Y name. then you can just sign it and deposit it.
2006-12-22 09:22:22 · answer #4 · answered by Athera78 3 · 0⤊ 0⤋
It depends on your bank. Some are more flexible than others. Phone them and ask.
2006-12-22 09:24:01 · answer #5 · answered by Fran 4 · 0⤊ 0⤋
You can have him sign the back of it, then come with you to deposit it in your account.
2006-12-22 09:22:43 · answer #6 · answered by Amanda SSS 3 · 0⤊ 0⤋
Yes.
2006-12-22 09:27:23 · answer #7 · answered by Anonymous · 0⤊ 0⤋
as long as he signs it you can..shouldn't be any problem.
2006-12-22 09:23:59 · answer #8 · answered by Kismitt 6 · 0⤊ 0⤋
no has to be payable to you
2006-12-22 09:23:06 · answer #9 · answered by andnelgills 4 · 0⤊ 1⤋