I have a cashiers check and I am loaning the money to a friend, is there anyway to just sign the check over to them, to be deposited into there account?
2007-04-03 06:38:59 · 8 answers · asked by Tracy Y 2 in Business & Finance ➔ Personal Finance
absolutly.. have them sign first next to the x:----------
and then you sign underneath them
2007-04-03 06:41:48 · answer #1 · answered by Irishbeauty 3 · 0⤊ 0⤋
Check with the bank. Since 9/11 many banks no longer accept third-party checks. The check has to be deposited into an account of the payee.
By the way if this is intended as a loan, make sure you have them sign a paper stating it is a loan and what the repayment terms are, including any interest. If you do not do this, I can GUARANTEE you that when you go looking for repayment they will say something like "Oh? Really? That was a gift."
Then when you go to court the judge will ask you if there is any written loan agreement. If you go not have a written loan agreement then you will lose your case.
If your friends balk at signing a loan agreement then you know they have NO intention of ever paying you back.
2007-04-03 13:43:07 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Depending on the banking relationship your friend has established at their bank, and the bank's policies it is possible to do that. Unfortunately with all the fraud and counterfeiting lately banks have had to create pretty strict hold policies even with cashier's checks. Typically you would sign the check and your friend would countersign below your name. Your best bet is to call your friend's bank and see what they want you to do. They may ask that you both be present with valid ID and sign in front of them esp if the amount of the check is large. Hope this helps!
2007-04-03 14:04:41 · answer #3 · answered by wllsgrl 2 · 0⤊ 0⤋
Once you endorse your check, anybody with a valid bank account can cash that check. That is why many people wait to endorse their checks until the reach the bank.
If you are looking to give it someone, endorse the check, and then hand it to the given person to cash/deposit.
2007-04-03 13:47:45 · answer #4 · answered by laxer16 1 · 0⤊ 0⤋
Yes you sign the check & then let them sign it and deposit it in ther account, some banks ask that 24 hrs pass before withdrawal it all depends on your state, good luck.
2007-04-03 13:48:37 · answer #5 · answered by Available F 3 · 1⤊ 0⤋
Banks may vary over this...she needs to check with her bank. Also never a good idea to loan money to a friend...just an FYI
2007-04-03 13:42:26 · answer #6 · answered by ? 3 · 0⤊ 1⤋
i don't know what a cashiers check is
I think with any check you just write, pay to the order of whoever, then sign it
2007-04-03 13:42:11 · answer #7 · answered by Anonymous · 1⤊ 3⤋
Sure, just endorse it. That is what you do when you cash a regular check. Then your firend will have to endorse it when he cashes it.
2007-04-03 13:42:04 · answer #8 · answered by Fordman 7 · 0⤊ 0⤋