We got a refund check and the dealership had put my name on the check. However, we need the money to go to my boyfriend's account. If I go up to the bank with him and explain that I want this check deposited in his account will they let us do that? To be clear, we do not have the same banking company.
1 Answer
The right way to do this is to endorse the check by signing the back, then write "Pay to the order of " followed by that person's name.
However, since this process is highly susceptible to fraud (someone could just take a check that you endorsed, or forge an endorsement, and sign it over), not all banks allow this. If you are there to prove that you endorsed the check in the first place, it might reassure the bank.
Bottom line: go to your boyfriend's bank before endorsing the check, explaining what you want to do, and they'll tell you how to do it. It will be very helpful if you're there with identification to verify that you endorsed the check in the first place.
answered Aug 27, 2020 at 13:27
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2Or.... cash check at bank one. Give cash to boyfriend. Boyfriend deposits cash in bank two. Sure, may take an extra 20 mins, but it's like 0 risk of anyone thinking something sketchy or untoward is happening. Commented Aug 27, 2020 at 13:31
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2Sure - or deposit and paypal/venmo/etc. I was just answering the specific question of depositing a check in an account other than the payee's. Commented Aug 27, 2020 at 13:44
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I am not disagreeing, Mr Stanley. Just saying that cashing at one bank, handing cash over, then depositing cash into boyfriend's bank ends up with the exact same desired result ($ in boyfriend's account) without the risk of the bank(s) in question interrogating. Commented Aug 27, 2020 at 16:53
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@R.Hamilton Your suggestion would probably be the default option. I suspect OP has a reason they don't want to do that. I would be interested to hear what it is though...– TTTCommented Aug 28, 2020 at 3:21
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Or take the check to his bank, tell them you want to deposit it in his account, and convince them that you are the person it is addressed to.– WGroleauCommented Jan 5, 2023 at 20:27