Originally Posted by
earthshake
Just some things I noticed...I am looking at the "Deposit Ticket" for the bank we use, a local cooperative. There is a line that says "SIGN HERE IF CASH RECEIVED FROM DEPOSIT". I small print it says "BE SURE EACH ITEM IS PROPERLY ENDORSED."
Please remind what the "demand for lawful money" wording is again?
Before now I always wondered why I had to endorse MY OWN checks when I want to cash one, too. So, it appears to me, and correct me if I am wrong, I could go to our bank and write a check for the balance in our checking account, sign with the "Redeemed In Lawful Money Pursuant to" statement, and receive same back. The same way a paycheck can be redeemed for lawful money.
Question on the name. Is "my name" the name I go by, and my dba name is my full name? Or is it the exact name that the check is made out to?
Thank you!
ES