Working With Checking and Savings Accounts - The Homer Fund

Endorsing a Check
Endorsing a check is signing the back of a check that is made out to you to release the
funds. You will need to endorse all checks that you deposit. You should sign your
name exactly as it is listed on the front of the check. There is a designated space for
your signature on the back of all checks. There are three types of endorsements:
Blank endorsements: This is when
you sign the back of the check and
provide no instructions. Once you
have signed the back, anyone can
cash the check.
Specific endorsements: This is when you
identify a purpose for the check (i.e.,
“deposit only”). It is a good idea to
use this type of endorsement when
you are depositing a check—especially
if you are using an ATM.
ENDORSE HERE
X
Lucas Chapel
ENDORSE HERE
X
Lucas Chapel
For deposit only
DO NOT WRITE, STAMP OR SIGN
BELOW THIS LINE.
RESERVED FOR FINANCIAL
INSTITUTION USE
DO NOT WRITE, STAMP OR SIGN
BELOW THIS LINE.
RESERVED FOR FINANCIAL
INSTITUTION USE
ENDORSE HERE
X
Pay to the order of
Patrick Brown
Lucas Chapel
Patrick Brown
DO NOT WRITE, STAMP OR SIGN
BELOW THIS LINE.
RESERVED FOR FINANCIAL
INSTITUTION USE
Two-party checks/transfer endorsements: This is
when you transfer a check that has been
written to you to another person. After you
endorse a check, only the person who is
named in the endorsement can cash or
deposit the check (i.e., Pay to the order of
Patrick Brown). In this example, Patrick Brown
will be asked to sign the back of the check and
possibly show I.D. when he cashes or
deposits the check. A check can only be
transferred to one other party. Therefore, (in
this example) Patrick Brown must cash the
check.
11