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How to Endorse a Check for Someone Else to Cash

How to Endorse a Check for Someone Else to Cash

 In this article we explain how to endorse a check for the other person to collect . It is a set of steps that an individual must carry out, in order to transfer the collection power of this document to whoever he wishes.


Commonly when indicating the word "endorsement" refers to the action already mentioned, therefore the individual who receives this benefit will be the one who must make the transaction.


Checks can be endorsed by natural and legal persons, so it is necessary to know how this type of procedure should be carried out. In the same way, the collection of the same will depend on what is agreed between the people involved.


At this point, it should be noted that, according to specialists, the vital element that this type of document must have is the signature of the drawer (the issuer of the check), since otherwise it cannot be cashed.


Steps to follow

Below are a series of steps to endorse a check so that someone else can cash it:


-Rotate the check so that in this way you can see a series of lines located at the top. Next, fill in the important data of the person who should cash the check, in the section “pay to the order of” or “pay to the order of”.


In general, the information should include the name, surname and the identification number or DNI.


-After having carried out this step, enter the name and surname of the person who carries out the transfer. It is important that the data must match the front of the check. At the end, the signature will be placed to indicate to the bank that the document rights are being transferred.


-The last step will consist of delivering the check to the person in question. At this point, it will be possible to establish the way in which this document will be charged, either by the box office, or by indicating the account number of the person for the funds to be deposited.


In this sense, the bank will also have the possibility of requiring the presentation of the identification card to verify the data.


Ways to endorse a check

There are different ways the endorsement can be made:


-When the check is blank and only has the signature of the drawer. In this case, the recipient can enter all their data and the amount of money to be collected, or endorse it for a third party to collect or deposit it.


You are urged not to endorse blank checks as they are prone to being cashed by anyone.


-There is an endorsement to the bearer, which has not specified the beneficiary or the person who will be in charge of collecting it.


-In endorsement in the nominal, nomitative or regular type check is the one explained above. It contains the specific data of the drawer and the beneficiary.


Endorsements that allow checks

In this case, you need to specify two types of document:


-Common check: it can only be endorsed once.


-Deferred payment check: can be endorsed twice.


Some Important Facts About Check Endorsement

In view of the above, a series of aspects to take into account can be pointed out:


-It is recommended to fill in the information with permanent ink so that the data found there is not violated.


-Also, we must remember that the writing must be maintained and as clear as possible, since computers are in charge of analyzing the authenticity of the signature and the data that they comprise. An error can result in the process being aborted.


-Some banks may require the fingerprint of both the issuer and the person who will cash the check.


-You can also make endorsements in favor of legal persons. In this case, the name of the company or institution, the registration number (in some countries it is the RUC, RIF or CUIT) and the account number are entered.


-While it is understood that the endorsement is the transfer of power and rights that one person makes to another, it is possible that whoever receives the document can also endorse it. The latter will depend on the type of check.


-If the check contains the phrase "not to order", it indicates that the document cannot be endorsed, so it will only be charged by the person for whom it was issued.


-The endorsement can be made on the top or bottom of the check.


-As mentioned above, there is the possibility of endorsing a check a second time. In this case, the process will be exactly the same, trying not to affect the data that was previously placed.


However, it should be mentioned that it is important to take into account that not all checks allow this type of procedure.


Tips to follow in case of errors or failures and other recommendations

Although it is always recommended to be careful when filling out a check, a series of recommendations are made in case of any type of error or problem:


-If there is an error with the name in the writing on the front of the check, when filling in the rest of the data, write the name with the same error and then correctly. That way, the fault will be resolved.


-In the errors in terms of quantities and spelling errors, some specialists suggest that it is preferable to place an explanation on the back of the check. In both cases, the issuer must place his signature to indicate that he is aware of the changes made.


-It is necessary to pay attention to the agreement of the figure in numbers and letters, since the check could be canceled, or the bank will opt for one of the two options, canceling more or less than indicated.


-The firms must be located sharing common spaces in order to maintain order and neatness in the document.


-According to some specialists, it is suggested to have proof of the checks issued, since that way you will have more complete and controlled information on bank movements.


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