Deposit Signature Title For Free

Due to a new banking regulation, all checks deposited via a mobile service must include: ?For Mobile Deposit Only? handwritten below your signature in the endorsement area on the back of the check or the deposit may be rejected.

If you write ?for deposit only? on the back of a check made out to you and then sign your name, the check can only be deposited in your account. This is called a ?restrictive indorsement,? and it should prevent you or any other person from cashing the check.

Ask what you need to have them write on the back of the check, and be sure to ask if you both need to be present to deposit it. Some banks require a form of ID from the other person so that they can validate the identity of who is signing over the check.

A restrictive endorsement includes not only the signature of the endorser but the words ?For Deposit Only? and the bank account number or financial institution in which it is to be deposited. This prevents anyone else from cashing or depositing the check into an incorrect account or institution.

If you endorse it as "for deposit only", then someone else who gets ahold of it can't deposit it into their own account (because you're the payee, not them). But if you leave it blank, then they can your endorsement (e.g., "payable to Joe Blow") and try to cash it or something.

If you're uncomfortable with someone else seeing your bank account number, you can write, ?For Deposit Only? and then sign the check. This is a less secure option than including the account number, but most banks will follow the instructions and only accept the check for deposit.

If you're not able to get a deposit slip, you can also have the person write ?For Deposit Only? on the back of the check with their account number. They'll still need to endorse the back of the check. You'll also want to get a receipt from the teller showing that the deposit was made.

In general, many banks and credit unions allow this. However, you'll want to check with your financial institution before you initiate the process. If you do not follow their specified rules, it can result in the check being voided.

For Deposit Only?Restrictive Endorsement The most secure way to endorse a check is to: Write: For Deposit Only to Account Number XXXXXXXXXX. Sign your name below that, but still within the endorsement area of the check.

If you want to deposit a signed-over check without visiting the bank, a mobile check deposit is a good alternative. If the bank allows, you can take a picture of the check and upload it digitally. You can withdraw the money or send cash electronically after that.