Endorsement

An endorsement is a signature on the back of a check that authorizes the bank to process it. The payee must endorse a check before depositing or cashing it.

There are different types of endorsements: blank endorsement (just a signature), restrictive endorsement ('For Deposit Only'), and special endorsement (signing over to a third party). Proper endorsement is required for the bank to process the check.

Related Terms

Check

A check (or cheque in British English) is a written order instructing a bank to pay a specific amoun...

Payee

A payee is the person or entity to whom a payment is made. On a check, the payee is the name written...

Deposit Slip

A deposit slip is a form used to list cash and checks being deposited into a bank account. It includ...

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