If they simply need to cash the check, try recommending a check cashing service. A two-party check is a check that is addressed to two payees. I mean imagine it was a huge check and a family rift meant they'd excluded you from their wills you wouldn't have any legal right to their assets just because it was in the form of excess mortgage payments.

If someone is the executor of those estates they probably have authority to deposit that money (but with certain responsibilities) so if you are the executor you need to show bank a bunch of paperwork (at least from what I remember when my mother did this after my grandparents passed). Does my mortgage company have the right to tell me when I get draws from what my ins company gave me

I have a refund check from a car lease, it has my name AND my father's name on it. Will I be able to deposit all these checks into this bank account? We have not decided yet which bank to use. But I wouldn't be surprised if it worked. Ive complained to everyone under the sun, the bank, the insurance co, the mortgage co., and no one cares! We can help you find the credit card that matches your lifestyle. Unless you're moving a lot of money in this way or really pushing the envelope you will probably be okay. Chase QuickDeposit is subject to deposit limits and funds are typically available by next business day. You might also want to look into a credit union that is part of a co-op. Securely close it. Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. Can you deposit someone elses check in your account through ATM? is a wholly-owned subsidiary of JPMorgan Chase & Co. "Chase Private Client" is the brand name for a banking and investment product and service offering, requiring a Chase Private Client Checking account. But they still have my money. There are other options where your friend can cash in his check instead of depositing it in your bank account. I'm always a little surprised that this works, but I've never had a single issue. How can I have someone deposit a check for me? Endorse (sign) the back of the check or checks you wish to pay in. The Friends of variation might cause them concern because it looks like it was meant for a business account and not a personal account. Past performance is not a guarantee of future results. Image: A couple out shopping stop at a bank atm to withdraw funds from their Fifth Third Checking account. "

If it says "and" on the check, then you and your son must visit a branch (bring gov't ID) and sign the check for deposit.

You will probably need to take further steps to deposit that check. Are there special endorsement requirements for US Government checks to two parties? My family uses Chase for banking. He can cash it himself, too. Check with the procedure to be followed by your bank. The second payee is in Jail and has a restraining order on them against the first payee. So, to recap, can you deposit a check made out to someone else? Thank you so much for answering my question so quickly.

That is a tough question as the policy for the bank may vary on whether or not they'll accept a check that doesn't specify and/or. The check that you will deposit in your account is called a third-party check. You may consider calling the insurance company to reissue the check with proof that your sister passed away. We're still trying to figure out what next, any ideas?~DeeDee

Hello quick question. Just like cash, a check can be deposited into another person's account at a branch when you present it to the teller, along with the recipient's name and account number. There will be a similar policy and procedure for business accounts. Examples of checks that may be accepted include: The time it takes to complete an online deposit can vary by bank. Only mortgage activity by Credit Karma Mortgage, LLC., dba Credit Karma is licensed by the State of New York. Escrow refunded check to me and my ex husband after house was sold, but it should all be mine since he has not lived or paid mortgage on the house for 2 years. See chase.com/QuickDeposit or the Chase Mobile app for eligible mobile devices, limitations, terms, conditions and details. If it says "x or y" then only one of you needs to endorse it. rev2023.3.1.43269. To find out if you may be eligible for a HELOC, use our HELOC calculatorand other resourcesbefore you apply. Whether you choose to work with a financial advisorand develop a financial strategy or invest online, J.P. Morgan offers insights, expertise and tools to help you reach your goals. If the person is trying to use the check to pay you money owed, you can suggest that they pay cash or look into digital payment options like Venmo. Past performance is not a guarantee of future results. Enroll in Chase Online or on the Chase Mobile app. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. When she no longer lives in the same country as I do? CREDIT KARMA OFFERS, INC. 1100 Broadway, STE 1800 Oakland, CA 94607, Credit Karma Offers, Inc. NMLS ID# 1628077 | Licenses | NMLS Consumer Access, The risks of depositing someone elses check. Dealing with hard questions during a software developer interview. Yes, all major U.S. banks, including Chase and Wells Fargo, allow you to deposit someone elses check in your account. Suppose my full legal name is Sam Sawyer Abraham and my wife's name is Sandra Connor Abraham. The option to deposit your check through mobile deposit may help save you some time and a trip to the bank. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. My husband can't get there and I don't know what to do? Make deposits. Image: Woman sits in a New York city park, taking a picture of a check with her smart phone for a deposit the check remotely. Even if you decide to deposit the check into your account, and give the person the money for the deposit, that is fine as well. The person who issued it says its a government check and they can not reissue another one wording A "or" B. Making statements based on opinion; back them up with references or personal experience. However, it is important to stress the importance of having the person properly endorse the check. Is it possible to deposit checks into our Chase checking from another bank's ATM? To learn more, visit the Banking Education Center. What does that mean? Applications of super-mathematics to non-super mathematics, How to choose voltage value of capacitors. JPMorgan Chase Bank, N.A. Most leading banks in the United States, including Wells Fargo, Chase, Bank of America, TD Bank, and other banks, accept such check deposits. While our articles may include or feature select companies, vendors, and products, our approach to compiling such is equitable and unbiased. Its never too early to begin saving. iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. Sign with both then. Thus, it is wise to be always cautious about these kinds of situations. Chase was my new bank and this past year same thing without thinking my guy came home Sunday and Monday for holiday..I had him indorse and without thinking did mobile deposit. There have been many cases where checks are written to multiple people and one of the parties find out that part of those funds belonged to them. To be sure, I suggest that you confirm it with a teller when you go to deposit the check -- do not deposit the check at an ATM.

I received a state check for refund from Maryland the check does not say "and" nor "or". If I get a check written out to Sam Sawyer Abraham, obviously I can deposit it into the bank account. Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesnt affect. Stack Exchange network consists of 181 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Chase, JPMorgan, JPMorgan Chase, the JPMorgan Chase logo and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A. Someone you know doesnt have a bank account. Since refund checks from joint tax returns are paid out to both filers, youll have to follow your banks policy on check deposits that contain multiple payees (each bank has its own policy). Popular online bank Ally Bank has the same policy. Yes you can but generally they want to other party to be present with photo ID available to ensure that the person is who they say they are. Is it possible to deposit the tax refund check into one of our own checking accounts? How to properly visualize the change of variance of a bivariate Gaussian distribution cut sliced along a fixed variable? The number of distinct words in a sentence. The check has the word and on it so no party store will touch it. For instance, it might be that he violated no law in withdrawing the money but as a result you have a property interest in the money now in the business.

That's complicated. Someone you know wants to use the check to repay money they owe you. Asking for help, clarification, or responding to other answers. We've added a "Necessary cookies only" option to the cookie consent popup. In any event, the check will need to be verified. But, it can also happen if one party opens a joint account and forges a signature to deposit checks with "and" in the payable line. When we have checks that we want to deposit, can we use the ATM from another bank to do that? The bank will investigate if the check was written and issued by its customer, who has the authority to write a check. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. Here's some more info: My credit union (Direct Federal Credit Union) allows deposits from any ATM in the NYCE Shared Deposit network in Massachusetts. Can you please respond ? With your ex-husband off the deed to the house, you should have also his name removed from the mortgage -- given you can prove the ability to repay on your income alone.

i got a refund check from my mortgage co. for an overage in the escrow.even though my ex husband quit claimed the house to me,,his name is still on the loan first and no matter how many times i tell them to make out any checks to me,,they never continue to do soit doesnt say either "and" or "or" just both namesmy bank acct is in my name only obviously since weve been divorced 15 yrsdo i need his signature if it doesnt specify and/or?

Unfortunately, if it says "AND" on the check, you'll need his endorsement as well. We do not yet have a joint bank account. A stranger may be trying to scam you out of money. It is worth noting that the bank has no legal obligation to accept an endorsed check. Ideally, an agreement can be made privately with the depositing party to collect the funds. What route should I go in this situation?

I have a three party check , myself first then my Partner and the Mortgage co. Do we all have to sign it or can two of the three sign it?

What if it has two names with a slash (/) but doesn't say "and" or "or"?

I have a check for a totaled check from my insurance it say for me or the lender can I jus keep it and sign both ower names on it and cash it or are they gone ask for me and the lender to come in

Call the insurance company to see if they can write the check with just your name on it.

Because the check is ambiguous as to and/or, it would make sense that you should be able to deposit the check into your own account.

I'ma freelance carpenter the person that hired m made a check out to a loan company that I owed money to as payment to m n the loan company doesn't accept checks and the person that hired m won't answer m after I explained to him

I'm having same problem.what did u end up doing?

I still don't know if I'm able to cash my check. Another way to sidestep Chase's new cash deposit policy is to write a check. If the check fails validation, the transaction will be canceled. The check does not say "and/or". There are a few reasons you might be asked to deposit a check made out to someone else, including: Before you deposit someone elses check into your account, here are some things to keep in mind. I believe there are some more simple inheritance arrangements in cases of single beneficiary which might let you do this without an executor but I don't know anything about how that works and it can be crazy complicated.

I friend of mine lost her ID last week late Friday afternoon. Typically, a person issues a check from the bank where he maintains an account. Seeour Chase Total Checkingoffer for new customers. If the check states that the funds are paid to either party by using "or" instead of "and", then either one of the two payees named on the check can deposit the funds into their individual bank accounts. Tell the bank the amount of the cashier's check and the recipient's name. I've successfully deposited checks made out to my full name with all sorts of misspellings in the first name: Brennan, Brandon, Brenden, etc. And on the check it has my name and my loan bank where I'm paying my car monthly payments . Yes, you can. Insurance related services offered through Credit Karma Insurance Services, LLC, which does business in some states as Karma Insurance Services, LLC. Correct the name. PTIJ Should we be afraid of Artificial Intelligence? 43. If the bank knows you fully well and trusts you, they may accept the deposit. If the check does not clear and the money is not in the account, the account goes into a negative balance. Ex husband took check and deposited it all.

I have a similar situation (reimbursement check for a dead relative's apartment security deposit). I just went to an ATM and deposited there and it was available the next day :D

Typically, for insurance claim checks written to you and the lender, you sign the check and send it to your lender. You might be able to use a portion of your home's value to spruce it up or pay other bills with a Home Equity Line of Credit. Many offer rewards that can be redeemed for cash back, or for rewards at companies like Disney, Marriott, Hyatt, United or Southwest Airlines. How many days does Bank of America need to clear a bill pay check. Most likely, all 3 people would have to sign it and go to your branch with you with proper ID.

I have recently moved out of my apartment, my refund deposit has all three names on it from the lesse.