Why must you sign the back of a cheque?

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1281262

2026-03-23 14:10

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Signing the back of a cheque is essential because it serves as your endorsement, indicating that you authorize the transfer of funds. This signature allows the bank to verify your identity and prevents unauthorized individuals from cashing or depositing the cheque. Additionally, it provides a legal record of your approval, ensuring that the transaction is valid and secure.

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