Hi. When I am lodging a cheque in to my bank account. Do I sign the back of it?
2007-05-01 21:49:54 · 6 answers · asked by lazyboy87 1 in Business & Finance ➔ Personal Finance
No i've never been asked to do this!
2007-05-01 21:52:20 · answer #1 · answered by I know nothing! 5 · 0⤊ 0⤋
Usually if the cheque is made out to someone else you used to get that person to sign the back of the cheque so it could be paid into your account...this was well before all cheques were 'crossed' and made payable to payee only...haven't had to do it for a number of years, in fact decades
2007-05-02 05:00:14 · answer #2 · answered by Knownow't 7 · 1⤊ 0⤋
You won't be required to sign on the back of the cheque if the cheque is to be deposited into your account. However, I would suggest you write your name, account number and telephone number on the back of the cheque to prevent fraud.
2007-05-02 06:01:08 · answer #3 · answered by SGElite 7 · 0⤊ 0⤋
No, not needed if the cheque is depositted for clearing.If it is for cash withdrawal from bank usually they may ask for discharge.Legally speaking discharge is substitute for a receipt.Secondly for protecting your interest,that the genuine customer only gets money.
The Banking law is silent but it is a banking custom mostly prevalent in commonwealth countries.
2007-05-02 05:07:00 · answer #4 · answered by leowin1948 7 · 0⤊ 0⤋
I have never had to do this if it is a cheque for my own account.
2007-05-02 04:55:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Nope I dont think so. I've never done it and have been fine!!
2007-05-02 04:52:48 · answer #6 · answered by jade t 3 · 0⤊ 0⤋