Wazua
»
Investor
»
Stocks
»
Signing over a cheque without banking it
Rank: Member Joined: 3/3/2016 Posts: 132
|
If I have a cheque in my name (say a dividend cheque), and I want to pay someone else that amount, can I endorse the cheque somehow?
I mean sign at the bank and give him to deposit in his account.
Or do I have to bank it in my account first and then transfer?
|
|
|
Rank: Member Joined: 1/31/2007 Posts: 304
|
Plimsoul wrote:If I have a cheque in my name (say a dividend cheque), and I want to pay someone else that amount, can I endorse the cheque somehow?
I mean sign at the bank and give him to deposit in his account.
Or do I have to bank it in my account first and then transfer? That used to happen along time ago I doubt it happens today due to the fraud in the banking sector.
|
|
|
Rank: User Joined: 1/20/2014 Posts: 3,528
|
Nope Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
|
|
|
Rank: Member Joined: 10/26/2015 Posts: 151
|
Plimsoul wrote:If I have a cheque in my name (say a dividend cheque), and I want to pay someone else that amount, can I endorse the cheque somehow?
I mean sign at the bank and give him to deposit in his account.
Or do I have to bank it in my account first and then transfer? Last I checked, endorsements are done only for payments made to Saccos and shylocks. And maybe if there's a minor difference in the names of the payee.
|
|
|
Rank: Member Joined: 3/3/2016 Posts: 132
|
Thanks for the responses people.
|
|
|
Wazua
»
Investor
»
Stocks
»
Signing over a cheque without banking it
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.