Endorsements

1
Endorsements
2
What You Will Learn

• What is an endorsement
• The 3 types of endorsements
• Blank
• Restrictive
• Full
• How to write endorsements

3
What is an endorsement?

• The signature message on the back of a check to
  either cash it, deposit it or to handover the
  rights of the check to someone else.
• Your signature should match the name on the front
  of the check (even if your name is misspelled.)

4
Types of Endorsements

• Blank Endorsement
• Your signature only. Only use a blank
  endorsement when youre already at the bank.
• Restrictive Endorsement
• Your signature and a message that limits the use
  of the check. If a restrictively endorsed check
  is lost/stolen it cant be cashed.
• Full Endorsement
• Your signature and a message that transfers the
  right of payment to a new payee.

5
Blank Endorsement
Stacy B. Monosso

• signature only
• anyone can present for cash

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Restrictive Endorsement
For Deposit Only Stacy B. Monosso Acct. 12345678

• lost/stolen cant be cashed
• guaranteed to deposit if mailed

7
Full Endorsement
Pay to the order of Esfiri Dragneva Stacy B.
Monosso

• transfers the rights of payment
• another person

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YOU TRY IT!

• Write endorsements for the following situations

• You are at the bank and want to cash your check.
• You are going to mail your paycheck to your bank
  account in LA (1230001) so that it can be
  deposited.
• To make sure that you pay off your credit card
  bill you sign over your paycheck to Golden 1
  VISA.