Can someone else cash a check for you. What Do You Need to Do to Cash a Check of a Person Who Passed Away?

What Do You Need to Do to Cash a Check of a Person Who Passed Away?

can someone else cash a check for you

I was also informed that there are temp agencies that write cheques to those working for cash which I find creates an accounting mess really. In Summary Checks payable to cash can be useful if you are writing a check to an unknown payee, transferring money from one account to another, or want to withdraw money from your bank account. In some states, such as California, the bank typically will honor checks for up to 10 days after death. Additionally, you should store your checks in a safe place that a thief would not normally look. Some banks will allow you to sign a check over to someone else, but it may take longer and be more involved than simply depositing the check in your own account and paying the person with your own check or cash. I deposited it at the bank teller window was in my bank for another reason and was queried about it, told that it would normally be subject to a longer hold, but given the situation and my banking relationship the hold was waived I didn't really need to money immediately anyway. Another option for cashing after endorsing a check is to take it to a check-cashing service.

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How to Sign over a Check to Someone Else (Personal, Business, etc)

can someone else cash a check for you

Below, we list the safer alternatives to writing checks payable to cash. The executor might also act as the payee in the deceased's place. In short, while legal, it's so risky most banks just refuse to do it, and it's not worth the time and effort trying to convince the bank to allow it. The same might apply if your elderly father is no longer able to sign his own name. However, double endorsing can be an indicator of fraud, so many banks will take a harder look at it than if the check is in the name of the person on the account. I have never been able to cash a check endorsed to me by a friend.

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How To Endorse A Check To Someone Else And Other Checking Questions

can someone else cash a check for you

Ewing's call to the school confirmed that it had never sent the check, and a call to the bank confirmed that the check was drawn on an account that didn't even exist. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. And how much is the fee they charge? What Are the Risks of Writing Checks for Cash? The bank will place a freeze on your account until you can go to a branch, file a report and close your current checking account. That's what led to banks developing policies to not cash or even accept for deposit first multiply-endorsed cheques Joe endorses cheque to Anne, Anne endorses it to Andrew, etc and now in many cases no endorsements at all. I suspect you can cross-endorse a cheque at certain branches, but you'd have to speak to a teller or even a manager, and it would help if the original cheque writer or at least the first recipient of the cheque is there with you. But if you get a check, say an insurance check, and need to sign it over to someone else and they know how much of a hassle it can be to get it cashed, go for it.

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Is it possible to cash a check made to someone else's name? How to do so?

can someone else cash a check for you

You can have someone else cash your refund check if you follow regular banking policies. Checks written to cash offer an alternate way to withdraw cash from your account or to transfer funds between accounts. Having said that, banks can and do forbid this, probably buried in their agreements, as it's risky for several reasons. I've done this many times as recent as a couple of years ago. The bank will stamp and date the check to indicate that it has been certified, and often a bank official will also sign it.

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What are the dangers of cashing a check for somebody else? : personalfinance

can someone else cash a check for you

Reasons not to double endorse:. This indicates to whoever sees the signature that you were procured to sign on behalf of another person. Another alternative to endorsing a check to somebody else would be returning the check to the originator, and asking for them to make a new one payable to the correct person. For example, auto insurance companies will usually pay out a claim in the form of a check made out to you. I suppose that a bad bank that you may read in the news might let such a check through. You are then expected to endorse the check over to the mechanic who repaired your car. Be aware that once you write a check to cash, anyone can use it.

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How to Cash a Check If You Don’t Have a Checking Account

can someone else cash a check for you

The Bottom Line Living without a checking account can put you at an economic disadvantage. I have used the WalMart option before and I find it the best alternative to a bank. Some banks may refuse to cash a check written to cash or put a hold on it to prevent fraud. At this point, you'll likely have to file a claim against the estate for the check amount and get in line with the deceased's other creditors. At best there will be bank charges and. And of course fraudsters seek out areas where abuse is possible and concentrate there. This can happen if the check ends up at the wrong address or if it's intercepted en route to you.

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How to Sign a Check Over to Somebody Else

can someone else cash a check for you

I did a Google search on this and got mixed stances. You can endorse your check and sign it over to that someone else, and then they can cash or deposit the check. But how should you go about it? Cheque can be taken out of your account up to 6 years after deposit, and most banks or credit union don't tolerate it anymore more info : I have never heard about this. Think of it this way; party 1 is the writer of the check Grandma ; party 2 is the original recipient you ; party 3 is the person who actually receives the money your friend. You could cash the check and then hand over the cash — or you could save yourself some trouble and simply sign over the check to the person you want to pay. My other thinking is that the processing companies hired by the banks get so many cheques deposit through the machines that they don't care for checking names as long as the cheque doesn't bounce or isn't reported stolen.

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If Someone Signs Over a Check to You Can You Still Cash it?

can someone else cash a check for you

If you carry your checkbook with you, do not leave it in the car while you are running errands. Increased security measures surrounding the transfer of money between people and financial institutions has made it harder to use third party checks in daily situations. This site may receive compensation from companies to offer an opinion about a product or service. If it doesn't arrive in the expected time frame, make an inquiry. Where to Cash or Deposit a Third Party Check Before you create a third party check, you should make sure the recipient will be able to cash it. Many banks will deposit the check without question, especially if your bank account was in your maiden name at some point, so it can't hurt to double endorse it and deposit it the normal way to see if it will go through.

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