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Depositing Checks
Old 07-10-2007, 11:18 AM   #1
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Depositing Checks

DD has received a few checks in the (slowly-forwarded) mail saying "Not valid after 60 days" and that 60 day period will expire in a few days. She's in Europe right now.

She has a BofA account, and I know her account number. Can I just deposit those checks to her account without her signature??
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Old 07-10-2007, 11:20 AM   #2
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Just endorse them "for deposit only" with her account number.
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Old 07-10-2007, 11:45 AM   #3
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I do this all the time for several friends - no problem.
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Old 07-10-2007, 11:46 AM   #4
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I have become very adept at signing my wifes name to stuff. With her permission, of course.


I have on occasion had checks that I didnt endorse with both of our names returned for signature, when issued in both of our names. Not sure if theres some more rigorous rules around that than a single payer check.
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Old 07-10-2007, 02:50 PM   #5
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Worked like a charm, thanks.
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Old 07-10-2007, 08:35 PM   #6
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See, Al?

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Old 07-10-2007, 08:38 PM   #7
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When FIL retired he went to the local bank branch and tried to make a transaction. They refused him because it wasn't his signature.

MIL had been signing his name for years.
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Old 07-11-2007, 08:15 AM   #8
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It seems that a deposit into the account of the person named on the check does not draw much (if any) scrutiny. I think you could scribble anything there, why wouldn't they deposit it?

In person, it might be a different matter,it might not be technically correct to accept it, so a 'play by the rules' teller might not allow it.

I've done it for the kids, when they were not available to sign. If they are a minor, pretty sure it is acceptable to do a 'Guardian, signing for DD, a minor' notation.

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Old 07-11-2007, 08:48 AM   #9
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If they don't take it, feel free to write "deposit only" with my account number and my bank will take it.

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Old 07-11-2007, 09:06 AM   #10
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Uniform Commercial Code 101:

A bank can supply an account holder's endorsement when depositing a check.

So no one needs to sign anything on the check if it is being deposited.
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Old 07-11-2007, 09:45 AM   #11
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The only problem with this arrangement that I see is that if "John Smith" mistakenly gets a check for a different "John Smith" he can deposit it into his own account. Of course, when then money's path is tracked, the police will know exactly who to arrest.
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