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Cashing the checks

Should I sign them?

     
9:49 pm on Feb 19, 2005 (gmt 0)

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Hi all,
do you know, if I should sign the checks on the back when cashing them?
In my bank nobody knows what to do, because I am the only person which recives such a "strange" checks.
In the AdSense checks, it is written: Endorse here: X
------------
------------
------------
Do not write or sign below.

If I have to sign them, where should I do it?
In AdSense support, they say that they can't give me an advice, as each bank has different rules.

10:10 pm on Feb 19, 2005 (gmt 0)

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Sign and write your name next to it on the back at the top
10:14 pm on Feb 19, 2005 (gmt 0)

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Your bank should be able to tell you? Very strange that they don't know!

Endorsing a check simply says that you as the account holder know about the check and accept it. If the details on the cheque match your account than normally you don't need to do it.

Still, sign the back of it, it can't do any harm and may speed up the process.

10:14 pm on Feb 19, 2005 (gmt 0)

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Sign above the line and send to bank, thats it
11:21 pm on Feb 19, 2005 (gmt 0)

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From the sound of that bank I would definitely get a receipt from them too.
12:04 am on Feb 20, 2005 (gmt 0)

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As replied above, if you are putting the cheque into the account named on the check there is no need to sign (also no harm) since the funds go directly where they should.
I have the luxury of having my cheques cashed (I live in Spain) when I present them (I must have an honest face), so in those circumstances I am rightly asked to sign them, to acertain my identity as the true beneficiary.
I believe the bit about 'do not write, etc...' is because the electronics used, in the banks cheque checking dept., would be thrown out of sync by the marking in that area of the cheque.
As also stated above, different banks may have different rules.....

hunderdown

5:35 am on Feb 20, 2005 (gmt 0)

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"Endorse" means "sign." Sign the check where it says to endorse it. That seems like an obvious statement, but looking at the original post ,I wonder if qwer isn't confused about the word "endorse."
5:45 am on Feb 20, 2005 (gmt 0)

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You can also put "for deposit only" on the back of a check with the account number under it.
7:52 am on Feb 20, 2005 (gmt 0)

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My bank in the UK (NatWest) won't take it unless it is signed on the back.
1:29 pm on Feb 20, 2005 (gmt 0)

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Thank you all,
O.K., I will sign it where it says Endorse here: X

P.S.: every month I have to wait at least 30 minutes in my bank until they cash my check. There is also another bank, but they take 15 euro in commissions!

6:52 pm on Feb 20, 2005 (gmt 0)

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My bank in the UK (NatWest) won't take it unless it is signed on the back.

Same with Barclays and you get a proper receipt for it.

every month I have to wait at least 30 minutes in my bank until they cash my check.

You're cashing your cheque and not paying it into an account? That's not normal for UK banks. Where are you?

What exchange rate are they giving you if you're not taking US Dollars?

There is also another bank, but they take 15 euro in commissions!

That's not expensive at all if you're getting a good exchange rate. Same question as above, exchange rate?

I pay USD 30+ every time I pay it into my Dollar account.

8:37 pm on Feb 20, 2005 (gmt 0)

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Hi OptiRex,
I wanted to say that it takes me about 30 minutes each month to deposit a cheque in my account.
The exchange rate is the best one.

30US$ to deposit a cheque?
That sounds terrible! Haven't you checked other banks?
You are loosing huge amounts of money in comissions.

8:54 pm on Feb 20, 2005 (gmt 0)

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Where I'm at you just cannot find a bank that takes less than 15 Euro. It takes at least a week before you get your hands on the cash and every single time the cashier will sigh and tell me it would be much better if I could get a direct deposit.
As if I didn't know...
9:16 pm on Feb 20, 2005 (gmt 0)

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Hi qwer

30US$ to deposit a cheque?
That sounds terrible! Haven't you checked other banks?
You are loosing huge amounts of money in comissions.

I know, I have this argument with them every month plus they have the cheek to charge me the privilege for having this account even though it's thousands in credit.

I've been looking for somewhere better and the only thing I can find is offshore Visa/Mastercard debit cards. The only problem with those is that the banks I know insist on so many formalities or minimum deposit levels that it doesn't make it worthwhile or the banks that offer easier cards I don't know at all...loads of those in Switzerland and other places around the world!

I do use Dollars for other business transactions and I get hammered every time however I do know some of the other High Street banks are even more expensive. I've been looking at the HSBC Dollar account which was recommended on another thread which is 70 per annum and 30 for the Euro but they don't do a debit card which would be ideal for me.

I need to resolve this very soon since I have recently modified things on my sites and I shall be well peeved if I'm not in the UPS Club within a very short time.

Which bank do you use?

Nikke

Where I'm at you just cannot find a bank that takes less than 15 Euro.

These guys are ripping us all off, it's absolutely no different to the last 100 years or so, we get stung every time and even this Euro hasn't stopped their charges in the Eurozone area. I despise banks more than anything/anyone else since I have yet to find one which actually wants to help, they all want to rip you to pieces as fast as they possibly can.