Consumer Math

Endorsing Checks

Depositing/Cashing Checks

• There are 5 different methods of endorsing a check– Signing the check– For deposit only– Transferring the funds– Business checks– Insurance checks

Endorsing a Check

• Method 1: Just sign the check

Endorsing a Check

• Method 1– Sign on one of the gray lines– Make sure the name on the front of the check

matches how you’ve signed• Ie. If I make a check out to Steph Findlay, she should

sign it Steph, not Stephanie

– Make sure the person the check is from signed it and filled it out properly

Endorsing a Check

• Method 2: Endorse for deposit only

Endorsing a Check

• Method 2– Endorsing for deposit only can make the check

more secure– If you give the check to someone else to bring to

the bank you don’t have to worry about them taking your money

– You can also write the bank name and account number below to ensure it goes to the right place

Endorsing a Check

• Method 3: Endorse a Check for Transfer

Endorsing a Check

• Method 3– Sign Your name at the top– Write pay to the order of and the person’s name

below your signature– The person you’re giving it to will sign below that– You may need to go with the person so they can

cash it, especially at more cautious banks

Endorsing a Check

• Method 4: Endorsing a business check

Endorsing a Check

• Method 4– Write the business name/information– Write your name/position– Write for deposit only and the account number

Endorsing a Check

• Method 5: Insurance Checks– Insurance checks are often written out to a bank

or financial institution and whoever owns the property. This could be one person or several people.

– Everyone that’s name is on the check must endorse it.

– A agent from the financial institution must also sign and will likely also put other information regarding the institution on it as well.