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Consumer Math

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  1. Consumer Math Endorsing Checks

  2. 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

  3. Endorsing a Check • Method 1: Just sign the check

  4. 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

  5. Endorsing a Check • Method 2: Endorse for deposit only

  6. 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

  7. Endorsing a Check • Method 3: Endorse a Check for Transfer

  8. 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

  9. Endorsing a Check • Method 4: Endorsing a business check

  10. Endorsing a Check • Method 4 • Write the business name/information • Write your name/position • Write for deposit only and the account number

  11. 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.