Suggested Lesson Plan to use with this
Check Endorsement Worksheet
The reason you endorse a check is to either deposit it or to
sign it over to someone else. When endorsing a check, you
turn the check over, and sign it on the back of the check.
You should sign your name exactly the same way it is written on the front
of the check.
Once you turn your check over, place it so it
faces up, like this:
You will sign the check underneath, where the check
says "ENDORSE CHECK HERE", or a similar phrase. Do no make
any marks under the line that says not to write below this line.
There are several different ways to endorse a check:
BLANK ENDORSEMENT - Sign
your name the same way it appears on the front of the check.
If it is spelled wrong on the front, then sign it again correctly.
IMPORTANT - Do not sign your check with a blank endorsement until
you are about to either cash or deposit it, otherwise someone else
could potentially try to cash your check. Anyone can cash a
check once you endorse a check with a blank endorsement.
ENDORSE CHECK HERE
John Smith
RESTRICTIVE ENDORSEMENT - This is the
safer method to endorse your check and is recommended if you are
mailing or someone else is depositing your check. Before signing your
check, write a phrase such as "For deposit Only", or "For deposit
to account number..." and then sign your same underneath.
Then the check may only be deposited to either the bank or to your
specific bank account.
ENDORSE CHECK HERE
For Deposit Only
John Smith
OR
ENDORSE CHECK HERE
For deposit to account no. 0358247
John Smith
SPECIAL ENDORSEMENT - This method allows
you to sign your check over to someone else (a third party) who may then deposit
it or cash it. Write "Pay to the order of" and then the name
of the person you are giving the check to. Then, as above, sign your name underneath.
Now you can give your check to that individual.
ENDORSE CHECK HERE
Pay to the order of
Lisa Reynolds
John Smith
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