Endorsements

What is a member agreeing to when they endorse a check? Select all that apply.

• They have no reason to believe that the check is fraudulent or could be returned

• Guaranteeing that they are the payee that is listed on the check

• Removing their responsibility for the item, should it be returned

• They promise to pay us the amount of the check if it is returned

Select all the type of endorsements that are not acceptable.

• Conditional

• Special

• Blank

• Qualified

True or False? If a check is payable to two or more people using the word "or" as the separator, then either party can endorse the check.

• True

• False

You receive a check made payable to John Doe/Jane Doe, who can endorse the check?

• John Doe

• Jane Doe

• Both must endorse it

• Neither can endorse it

These types of checks are usually payable to the member and TBCU.

• Credit Card Checks

• Temporary Checks

• Business Checks

• Insurance Checks

Most common type of endorsement.

• Blank

• Qualified

• Restrictive

• Special

Your member has endorsed in the middle of the check. What should you do?

• Place the account number and our For Deposit Only stamp directly below their signature.

• Have them sign the check again at the top

• Have them sign the check again at the bottom

• Place the account number and our For Deposit Only stamp at the top of the check an leave the member's signature where it is

How should a member endorse a check if their name was misspelled on the front of the check?

• With their name spelled correctly only

• With their name misspelled only

• With their name misspelled and then spelled correctly

• Any of the above are acceptable

If a check is made payable to the member and TBCU, who will need to endorse the check?

• The member

• A representative from TBCU

• Both the member and a representative from TBCU

• Either the member or a representative from TBCU