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Signing a check is a routine task that many individuals encounter at some point in their lives. Whether you are writing a personal check for a bill payment or handing over a check for a business transaction, understanding how to properly sign a check is crucial to ensure its validity and prevent potential fraud. This guide will provide step-by-step instructions on how to sign a check, including important tips and precautions to keep in mind. By mastering the art of check signing, you can confidently navigate financial transactions and maintain the security of your funds.
This article was co-written by Michael R. Lewis. Michael R. Lewis is a retired Texas executive, entrepreneur and investment advisor. He has over 40 years of experience in Business & Finance, including the position of Vice President of Blue Cross Blue Shield of Texas. He holds a BBA in Industrial Management from the University of Texas at Austin.
This article has been viewed 15,950 times.
A third party check is an individual or business check drawn to pay another person. Financial institutions in the United States are not obligated to accept third-party checks, and many other banks accept them very rarely than in the past. However, if you are in a situation where drawing a third-party check is the best choice, be aware of the best practices of this process in advance to improve your chances of success.
Steps
Plan Before Signing
![Image titled Sign over a Check Step 1](https://www.wikihow.com/images_en/thumb/e/e5/Sign-over-a-Check-Step-1-Version-6.jpg/v4-728px-Sign-over-a-Check-Step-1-Version-6.jpg)
- If you have a bank account and have margin or cash for the check to be signed for you, it will be easier for you to do so, the next step is to just sign your check (or cash it) to the bank. third-party
- Drawing on a check is perhaps more convenient (by separating out a middleman, so to speak), but that doesn’t seem to be the case anymore.
- Take a look at electronically transferring funds to your third party, either through an existing bank account or a service like PayPal, if you’re looking for a convenient option.
- If you: 1) have a check drawn to you; 2) no bank account; 3) need to pay a third party with the amount on the check drawn to you, this is the only real scenario you might want to try to sign a check. See section III of this article for cases in this scenario.
![Image titled Sign over a Check Step 2](https://www.wikihow.com/images_en/thumb/d/dd/Sign-over-a-Check-Step-2-Version-6.jpg/v4-728px-Sign-over-a-Check-Step-2-Version-6.jpg)
- Ask the person if he/she used a third party check at his/her bank before. This will improve your chances of success, as there is no law requiring a bank to accept a third-party claim check.
![Image titled Sign over a Check Step 3](https://www.wikihow.com/images_en/thumb/5/56/Sign-over-a-Check-Step-3-Version-6.jpg/v4-728px-Sign-over-a-Check-Step-3-Version-6.jpg)
- Ask your bank for any special procedures required for them to accept third-party checks. Some banks have enacted their own rules to control these procedures, for example requiring both parties to have bank accounts to ensure sufficient funds for the transfer.
![Image titled Sign over a Check Step 4](https://www.wikihow.com/images_en/thumb/2/29/Sign-over-a-Check-Step-4-Version-4.jpg/v4-728px-Sign-over-a-Check-Step-4-Version-4.jpg)
- Bring the proper identification, especially if it’s not the bank where you open the account.
Signing On Checks
![Image titled Sign over a Check Step 5](https://www.wikihow.com/images_en/thumb/8/86/Sign-over-a-Check-Step-5-Version-6.jpg/v4-728px-Sign-over-a-Check-Step-5-Version-6.jpg)
- Write neatly, especially third-party names. Spell check.
![Image titled Sign over a Check Step 7](https://www.wikihow.com/images_en/thumb/e/ed/Sign-over-a-Check-Step-7-Version-6.jpg/v4-728px-Sign-over-a-Check-Step-7-Version-6.jpg)
Consider Alternatives
![Image titled Sign over a Check Step 9](https://www.wikihow.com/images_en/thumb/9/93/Sign-over-a-Check-Step-9-Version-6.jpg/v4-728px-Sign-over-a-Check-Step-9-Version-6.jpg)
- To open a checking account with a US bank, you need to be 18 years of age or older, provide basic information such as your full name, contact information (phone/email number), and security number. social life; and present a government-issued identification card. . [2] XResearch Source
- You should find a free checking account at one of your local banks. Or look for online banks, where free checking accounts are typically opened.
![Image titled Sign over a Check Step 10](https://www.wikihow.com/images_en/thumb/b/be/Sign-over-a-Check-Step-10-Version-6.jpg/v4-728px-Sign-over-a-Check-Step-10-Version-6.jpg)
![Image titled Sign over a Check Step 11](https://www.wikihow.com/images_en/thumb/0/00/Sign-over-a-Check-Step-11-Version-4.jpg/v4-728px-Sign-over-a-Check-Step-11-Version-4.jpg)
- Third parties should be prepared to show identification when depositing or cashing a check, depending on the financial institution’s policy, especially for large checks.
- Checks drawn with the entry “cash or pay to bearer” or only “pay to bearer” shall have the same effect.
![Image titled Sign over a Check Step 12](https://www.wikihow.com/images_en/thumb/b/bc/Sign-over-a-Check-Step-12-Version-3.jpg/v4-728px-Sign-over-a-Check-Step-12-Version-3.jpg)
- Cashing a check is in the range of 1% to 12% of the amount on the check, so shop around to get the best price. Some local retailers, including Wal-Mart, offer this service. . [4] XResearch Sources
- You will need a photo identification to cash the check.
Advice
- You will not have proof or receipt for the check in your bank account. Since the check is signed for acceptance initially, you may want to make a copy of the check as proof or receipt before signing it.
Warning
- Third-party checks can be the target of many dishonest acts, , [5] XSource of Research so become a cardholder only in signing third-party checks with people you know and trust.
This article was co-written by Michael R. Lewis. Michael R. Lewis is a retired Texas executive, entrepreneur and investment advisor. He has over 40 years of experience in Business & Finance, including the position of Vice President of Blue Cross Blue Shield of Texas. He holds a BBA in Industrial Management from the University of Texas at Austin.
This article has been viewed 15,950 times.
A third party check is an individual or business check drawn to pay another person. Financial institutions in the United States are not obligated to accept third-party checks, and many other banks accept them very rarely than in the past. However, if you are in a situation where drawing a third-party check is the best choice, be aware of the best practices of this process in advance to improve your chances of success.
In conclusion, signing a check is a fundamental task that everyone should be aware of, as it enables the safe and secure transfer of funds. By following the proper steps, such as filling out all required information, including the date, recipient’s name, amount in both numerical and written forms, and a signature, one can ensure that the check is valid and will be accepted by the recipient’s bank. It is also essential to review the check for accuracy and make sure that the funds are available in the account before writing it. Additionally, individuals must keep their checkbooks and any unused checks in a secure place to prevent unauthorized use. Overall, signing a check correctly and responsibly demonstrates financial literacy and ensures a smooth and efficient financial transaction.
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