Deposits
is deposit only proper endorsement?
no
can checks be cashed if its endorsed with Alpine Banks Endorsement stamp?
no, customer must sign
what is the meaning when the check has " or" in the payee
either party can endorse
What does the last signature mean on endorsement?
This will be the person who receives the funds
Besides the individuals signature what else should be written on the back of the check
Account Number ( last 4, last 6 or full account #)
What is the meaning when the check has "and"
on payee
what are the requirements for lien waiver endorsements?
Personal signature, Date, Business name
if a check is presented with multiple parties where should the check be deposited?
joint account
Where can I find acceptable forms of ID's to cash checks
Identification Guideline in the PEEK .
we need both endorsements insurance & individual
if not all parties share an account, what must be done
the party that is not on the account will sign the check over using " pay to the order of" account holder will endorse
on deposit slip or check, what should be written down when giving the customer cash
how we identified & Initals
What Types of checks cannot be cashed
Checks made payable to businesses
should the endorsement stamp be used if the customer is present?
no, customer must endorse if they are present
When would it be appropriate to place a hold?
Fraud checks, large items, new accounts, insufficient balance