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Depositing a cheque with two names on it?

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  • Feb 4th, 2015 3:20 pm
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Member
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Jun 25, 2009
378 posts
15 upvotes
Toronto

Depositing a cheque with two names on it?

I received a check made out to "James & Jennifer Olsen" (not my real names, btw). I'm James Olsen. Can I still deposit it into my bank account, or only a joint account?
19 replies
Member
Dec 15, 2005
224 posts
21 upvotes
since it's James AND Jennifer, it has to go into a joint account

if it's James OR Jennifer, then it can go into any one account

however if you take it to a teller, they may not check into too detail, so it may slip through..
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Mar 18, 2005
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Niagara Falls
ct809 wrote:
Oct 11th, 2010 10:01 pm
since it's James AND Jennifer, it has to go into a joint account

if it's James OR Jennifer, then it can go into any one account

however if you take it to a teller, they may not check into too detail, so it may slip through..

This is in-correct in my experience. When I got married the wife and I received multiple cheques with Richard and Melissa Donnelly. I had no issues depositing the money my own account.
Stop being lazy RFD and fix the auto subscription nonsense. This is a damn discussion forum.
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Dec 15, 2005
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Evil Baby wrote:
Oct 11th, 2010 10:08 pm
This is in-correct in my experience. When I got married the wife and I received multiple cheques with Richard and Melissa Donnelly. I had no issues depositing the money my own account.

like i said, depends on how closely the teller follows the rules

I used to work at the bank so I know for sure that's the rules, but it depends if the CSR really wants to stick to the rules and enforce it
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Mar 18, 2005
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ct809 wrote:
Oct 11th, 2010 10:46 pm
like i said, depends on how closely the teller follows the rules

I used to work at the bank so I know for sure that's the rules, but it depends if the CSR really wants to stick to the rules and enforce it

I deposited between 10 and 20 of them, although they were all via the ATM since I'm with PCF.
Stop being lazy RFD and fix the auto subscription nonsense. This is a damn discussion forum.
Member
May 5, 2008
361 posts
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Calgary
Evil Baby wrote:
Oct 11th, 2010 11:15 pm
I deposited between 10 and 20 of them, although they were all via the ATM since I'm with PCF.

There's your answer. The processing centre has so many cheques to go through, they don't have time to check the name on every single one. Yours were some lucky ones that slipped through.
At the teller, they will probably be caught. CT809 is correct.
Deal Addict
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Jul 12, 2001
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Toronto
proper rules:
deposit into a joint account OR
have both parties show up at the teller, produce ID, and endorse each cheque in front of the teller, and finally deposit into individual account.


or just ATM it and all rules go out the door.
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Jun 6, 2009
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Montréal
You can deposit a cheque made to Mr. Pee Wee.

They don't check.
Jr. Member
Apr 25, 2008
148 posts
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I'd say that they don't always check, but the bigger the cheque, the worse than chance of depositing it.

I brought in 3 checks a few months back, all made out to me and my wife. The 60 and 200 dollar cheques they just deposited after i said she was my wife. The 10k cheque they refused to take without her there to endorse it - which is fine by me!
Deal Guru
Aug 2, 2001
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Before we got married we asked the customer service people at the bank how to deposit the cheques we would receive, and we were told as long as it was deposited to an account with one of the names on it we'd be fine.
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Jul 27, 2009
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urameatball wrote:
Oct 12th, 2010 12:31 am
have both parties show up at the teller, produce ID, and endorse each cheque in front of the teller, and finally deposit into individual account.

Banks don't accept double endorsed cheques.
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Oct 12, 2005
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akarimov wrote:
Oct 12th, 2010 12:18 pm
Banks don't accept double endorsed cheques.

True...but "double endorsed" meaning Mr. A endorsed to Mr. B which in turn endorsed to Mr. C

In this scenario you have a husband and wife...only one of them really needs to endorse to the other.

Depending on amount of cheque, standing with the bank, and other accts (eg. you have a personal chequing but you and wife have a joint savings as well for example) the clerk should be able to use discretion...
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Jan 11, 2008
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I deposit cheques made out to my husband into my account at a CIBC atm all the time (we have different last names). I don't know the policies at all banks, but I was told by someone at CIBC that there are rules for items being deposited into the ATM and the name would not be verified unless the cheque was over a certain amount (don't remember the number, but it was very high). It of course would be looked into if fraud was reported thought.

I've done this for years and never had an issue once.
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Nov 26, 2005
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sillysimms wrote:
Oct 15th, 2010 12:39 am
I deposit cheques made out to my husband into my account at a CIBC atm all the time (we have different last names). I don't know the policies at all banks, but I was told by someone at CIBC that there are rules for items being deposited into the ATM and the name would not be verified unless the cheque was over a certain amount (don't remember the number, but it was very high). It of course would be looked into if fraud was reported thought.

I've done this for years and never had an issue once.

i think thats $100k
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