AnswersDriveChase, however, will take third party checks for deposit, even over its mobile phone applications, but needs to also see the owner of the check with you, in person, if you intend to cash it. Generally, the payer notes "payable to" or "pay to the order of" and your name on the back of the check.
1
Can you deposit a check with someone else's name on it?
You can deposit a check made out to someone else in your own bank account if the payee endorses the check over to you. They will need to write “Pay to <your name>” on the back of the check and sign it. Some banks will accept such a check only if the payee is present when it is deposited, so they can verify their ID.
2
Can I deposit a third party check into my account?
Most banks do not accept third-party checks for cash since they have no way of knowing if the original signature is valid. However, your personal bank might accept it as a deposit and hold the funds until the check clears. The person who gave you the check needs to endorse it with his/her signature.
3
Which banks accept third party checks?
Many credit unions allow third-party endorsements. B of A, B of the West, Charles Schwab, Chase, Citibank, First National, Suntrust, TD bank, U.S.Bank, Fifth Third Bank, and M & T all cash third-party checks.
4
How long does it take for a check to clear chase?
Funds Availability. Depending on the amount of the check, you may have access to the full amount in two days. Some banks make a portion of the check available immediately or within one business day.
5
How do you sign a check over to another person?
To sign a check over to somebody else, verify that a bank will accept the check, then endorse the back of the check and write "Pay to the order of John Doe." Use the other person's name instead of John Doe. Then, pass the check on to that person so they can deposit or cash the check.
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Can you mobile deposit a check signed over to you?
Chase, however, will take third party checks for deposit, even over its mobile phone applications, but needs to also see the owner of the check with you, in person, if you intend to cash it. After that, you have to sign underneath his or her signature to deposit it in your bank account.
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How do you sign a check over to someone else to deposit?
SPECIAL ENDORSEMENT - This method allows you to sign your check over to someone else (a third party) who may then deposit it or cash it. Write "Pay to the order of" and then the name of the person you are giving the check to. Then, as above, sign your name underneath. Now you can give your check to that individual.
8
Do Walmart cash third party checks?
No, you can't cash 3rd-party checks at Walmart. According to their policy, the only things you can cash are the following: Payroll checks. MoneyGram money orders that were purchased at Walmart.
9
Can you cash a check from another bank at Chase?
If you received a check payable to you that was drawn through Chase Bank then you could go to a Chase Bank branch to cash the check. However, if you are not a Chase customer then you will have to pay a fee of 6 dollars. If you deposit a check to your Chase Account through the ATM machine.
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Can I have someone deposit a check for me?
Not ATM, because for that your friend would need your ATM card, but yes in person in the branch. If you can have someone who knows your account number come in to a Chase branch with the check - they'll be able to deposit it for you. A reminder - the check must be endorsed by you or be "for deposit only".
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Do most banks send checks through twice?
Banks will usually present the NSF check twice before returning the check back to the account holder who deposited it. They are usually presented on the first and second business day of the deposit. If the funds are there and you'd like to cash the check make sure there are no cashing fees at the bank.
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What is considered a second party check?
The second party to a check or the check's payee, is the person that the check is made payable, the original reciepent of the personal check. The third party to check is an individual that receives the check and is typically not a bank or other type of financial institution.
13
What is a funds availability hold?
Expedited Funds Availability Act. The Expedited Funds Availability Act (EFA or EFAA) was enacted in 1987 by the United States Congress for the purpose of standardizing hold periods on deposits made to commercial banks and to regulate institutions' use of deposit holds.
14
Can you cash a check at any bank ATM?
No. You can deposit a check at almost all ATMs, and you can get cash out, based on your account balance BEFORE you deposit the check, but if you have $0 balance, it is unlikely that you can get cash out unless you have a long-standing relationship with the bank that owns the ATM.
15
Can I get my tax refund deposited into someone else's account?
If you decide to enter someone else's account information anyway, chances are the bank will reject the IRS's direct-deposit request because the name on the refund (yours) doesn't match the account holder's. The IRS will then have to re-process the refund, cut a check, and send it by mail.
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How long is a check good for if not cashed?
In fact, under the Uniform Commercial Code, banks in the United States are not legally obligated to pay checks older than six months (link). Of course, this leaves some wiggle room. Your bank may not be required to honor an old check, but they might choose to do so.
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What is available balance chase?
Present Balance. Your present balance is the previous business day's ending balance, plus or minus the full amount of any transaction known to the bank made during the current day (e.g., deposits, debit card transactions or ATM withdrawals); it does not include checks you may have written but didn't present to the bank
18
What is considered a two party check?
How to Cash a Two-Party Check. If the word "or" is used, then only one of you must be present and endorse the check. You should be able to cash most two-party checks at a bank where one of you has an account or at the bank where the check was drawn, although that usually involves a fee and additional proof of identity.
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Do you have to sign the back of a check to deposit it?
In order to deposit or cash a check, you first need to endorse it. Blank endorsement: A blank endorsement is made by signing your name on the back of the check. You must sign it exactly the way it appears on the “Pay to the Order of” line.
20
Can I deposit a check into my account from someone else chase?
There is no change on the deposits of checks. Chase said it shifted its policy on cash deposits to combat misuse of accounts, including money laundering. Understandably, Chase customers are upset that they can't deposit their own cash into someone else's account. "They can use Chase QuickPay online.