A check is mailed to the bank to be deposited. How should the check be endorsed?

A check is mailed to the bank to be deposited. How should the check be endorsed?

• A. Just sign your name on the back.
• B. Sign your name and write "For Deposit Only" and your account number on the back of the check.
• C. Print your name and account number on the front of the check.
• D. Have a bank officer sign for you.

Answer: (B)

The most appropriate way to endorse a check that is being mailed to the bank for deposit is to sign your name on the back, along with the phrase "For Deposit Only" and your account number. This method of endorsement ensures that the check can only be deposited into the specified account, thereby reducing the risk of theft or fraud. By adding "For Deposit Only," you are indicating to the bank that the check cannot be cashed or transferred to anyone else, which adds an extra layer of security. Including your account number clearly identifies where the funds should be directed, facilitating a smooth transaction when the bank processes your deposit. This endorsement technique is a standard practice in banking that helps protect both the account holder and the financial institution. Other methods, such as simply signing your name or providing details on the front of the check, may not provide the same level of security or clarity regarding the intended handling of the check.

The most appropriate way to endorse a check that is being mailed to the bank for deposit is to sign your name on the back, along with the phrase "For Deposit Only" and your account number. This method of endorsement ensures that the check can only be deposited into the specified account, thereby reducing the risk of theft or fraud.

By adding "For Deposit Only," you are indicating to the bank that the check cannot be cashed or transferred to anyone else, which adds an extra layer of security. Including your account number clearly identifies where the funds should be directed, facilitating a smooth transaction when the bank processes your deposit.

This endorsement technique is a standard practice in banking that helps protect both the account holder and the financial institution. Other methods, such as simply signing your name or providing details on the front of the check, may not provide the same level of security or clarity regarding the intended handling of the check.