The four types of endorsement of a check are:
-
Blank Endorsement: Just the signature of the payee, allowing anyone to cash or deposit the check.
-
Restrictive Endorsement: Limits how the check can be used, often including instructions like “for deposit only” with the account number.
-
Special Endorsement: Transfers the check to another person by naming them specifically, such as "Pay to the order of [Name]."
-
Conditional Endorsement: Includes conditions that must be met for the check to be valid, like “Payable upon completion of services.”
ReportLike(0)ShareFavorite