In the US : Can I endorse a payout check from an IRA (from a well known institution) to another person? The check will be large, over $10,000. He would deposit it in his bank.
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The check will be from an IRA ( Vanguard) not US Treasury; I don't know why it was changed .– blacksmith37Mar 2, 2018 at 19:15
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You wrote that it was a check from “IRS”, not “IRA” as you intended. Someone saw that and clarified that a check from the IRS is referred to as a treasury check, and that is the first version I saw. I will delete my answer, revert the question back to its original state, and fix the confusing typo.– Ben Miller - Remember MonicaMar 2, 2018 at 19:19
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In broad, general, terms 0 you can't do third party cheques anymore. Those days are gone.– FattieMar 3, 2018 at 12:47
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Sorry for the confusion.– blacksmith37Mar 3, 2018 at 16:21
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1 Answer
In my limited experience, bank tellers are very cautious these days because check fraud is so common. They are especially cautious when the dollar amounts get up to multiple thousands. I don’t know the circumstances that lead you to ask this question, but everyone might have a much easier time if you simply go to your own bank first and convert it to a cashiers check in the name of your recipient.
answered Mar 2, 2018 at 21:08
Ben Miller - Remember MonicaBen Miller - Remember Monica
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If you don’t have a bank, then if you and the other person go in person to his bank, you should have no trouble depositing it to his account.– prlMar 3, 2018 at 16:37