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He has to sign because it is made out to him/her. You also 'might' have to sign.
If it bounces, you are responsible for the charges.
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Apr 7th, 2005 01:16 PM #1Jr. Member
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General banking question (re. cheques)
My friend gave me a cheque that's addressed in his name. Does he have to sign the back, or can I just deposit in my account using an ATM?
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Apr 7th, 2005 01:41 PM #2Sr. Member
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Apr 7th, 2005 02:51 PM #3Deal Fanatic
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Depending on the type of customer you are, the bank might not even take it. Its a 3rd party chq. They'll jsut reverse the chq and send it back to you.
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Apr 7th, 2005 10:12 PM #4Banned
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the only time's i've done this was between family members:
Fisher (grandmother with account at scotia) Browne (mom acct at TD)
Cheque was issued by Bell Canada.Code:K. Fisher :arrowd: :arrowd: :arrowd: :arrowd: :arrowd: :arrowd: :arrowd: FOR DEPOSIT ONLY TO THE CREDIT OF S. Browne TD Canada Trust Westdale Mall Acct XXXX-XXX
Did the same with Great West Lifeco/Computershare, Dundee Securities, and a cheque from great grandmother's TD account Reply With Quote
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