You need to write the payee's name as it appears on their bank account. ... Cheques made out to just one name can be paid into sole or joint accounts bearing that name. On my own account is my name and my two related business names. Cheques addressed to two persons can be deposited into a joint account belonging to them, or to either person's personal account depending on how the cheque is written. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Michael H. Lv 7. I was told (Natwest) that they couldn’t deposit a cheque that was made out to two different people with different names without a joint account. The rules concerning crossed cheques are set out in Section 1 of the Cheques Act of 1992 and prevent cheques being cashed by or paid into the accounts of third parties. Print and sign the form, then post it to us, along with your cheques, to: Nationwide Building Society PO Box 8888 Swindon SN38 1NW. *Names have been change to protect the innocent. The rules mean that a cheque which bears the ‘A/C Payee’ crossing can only be paid into an account in the name of the recipient exactly as it appears on the cheque. You can change your choices at any time by visiting Your Privacy Controls. If the name on the cheque differs to the account name because you have changed your name (e.g. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Re: Cashing check with two names on it. For example, if paying two individuals with different last names, write “John Doe and/or Jane Smith.” Find out if the two payees have the same surname. Legally, a cheque can only be cashed by the person or persons to whom it is made payable. into a customer's account). Remember to keep the cheque stub that contains the cheque … If the check was made out to both people using the word “and,” then it has to be cashed by both parties. The cheque therefore must be paid to a bank (e.g. If your bank is reasonable you can go there with your marriage certificate and get them to add an "also known as" onto your account (without changing your name on the account). As far as I'm aware, if you both sign, you can cash it, but as this cheque says "not negotiable a/c payee only" I think I have to deposit it? We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. Having already set up a limited company and registered with Companies House with one name they find that they would rather run the business under another name. For example, you’d get a multi-party check if you are due a tax refund and you and your spouse filed a joint tax return. Your best bet is to get the bank to issue two cheques for the required amounts in your individual names. If a credit check is a no-go, you'll have to open a joint Easycash account (these are not credit checked), pay the cheque in, wait for it to clear, then take the money out. as banks like to do. Up until 1992, there was no reason why a person could not hand over a cheque, made payable to themselves, to someone else for them to pay into their own bank account. Canada has one of the most efficient cheque clearing systems in the world and, while the use of cheques has been declining with the growing popularity of electronic and card payments, financial institutions in Canada still process nearly a billion cheques every year. Can a check made out to 2 people be deposited into a non joint account? Cashing a check with two names on it can be done in one of two main different ways depending on how the names are written out. The cheque cashing agencies will have already cashed the cheques for the person who has received the cheque (that is the person named in the payee line). On a crossed cheque the words “account payee only” (or similar) are printed between two parallel vertical lines in the centre of the cheque. Cheque writing is not as popular as it used to be. The cheque will be handled either by negotiation or by collection. Similarly, a cheque payable to two people (normally known as a joint account) can only be paid into an account in the name of the two people exactly as they appear on the cheque. These days you can do a lot via online banking. We were asked if we wanted a cheque made payable to us both, or separate cheques. Checks made out to either individual using the word “or” can be cashed by either person. Your best bet is to get the bank to issue two cheques for the required amounts in your individual names. If it says or between the two names, either can deposit it. Checks made out to either individual using the word “or” can be cashed by either person. You might have to get the person who wrote the check to cancel the old one and give you another. I deposit cheques made out to my husband into my account at a CIBC atm all the time (we have different last names). I experienced this situation when my ex fiance and myself separated and closed our joint account. I recently moved out of an apartment I shared for a year with a roommate. If you want to test the depth of the water .........don't use both feet ! If it says and, either can deposit it into a join account. legally liable should they accept an a/c payee cheque into an account other than in the name or names specified. If cheque is issued to Payee A and Payee B, cheque can be deposited to: If it is being paid into an account, the account must be in the name(s) of the person(s) named on the cheque. Would one of us be able to pay the cheque into our own account? Cheques are a crucial part of the British payments landscape - nearly £840 billion of cheques were processed in 2012 – accounting for 10% of all payments made by individuals. I recently cancelled my car insurance, and got a refund cheque. This is called a multi-party, or joint, check. It had both her full name and my full name. Refund Cheque made out to two names. Posted: Jun 5, 2015 By: StevensOnln1 Member since: Dec 10, 2011 Other Reclaiming: Mortgage Fees, Council Tax etc, Pensions, Annuities & Retirement Planning, Report Holiday Deals, Bargains & Special Offers, Martin's Blogs & Appearances & MoneySavingExpert in the News. The cheque cleared in two days, with no questions asked by the bank. I have a check made out to myself and another person My bank will not allow e to deposit it into my personal account and there is no way to set up a joint account at this time. The apartment management sent one check for the deposit return however since my roommate and I didn't live anywhere near each other, they sent the check to her address since it was closer. Make it out to one person only. A crossed cheque is a cheque that has been marked specifying an instruction on the way it is to be redeemed. Can I lodge a cheque into my own bank account if the cheque is made out in two names? I received my refund check, however it is made out to myself and my exwife, so my first name, her first name and my surname. The second payee on the cheque will need to endorse the back of the cheque with a signature in the presence of the cashier. If the drawer of the cheque crosses out the term "account payee only" and initials the amendment, then the cheque can be presented in to a single name account. 1 A cheque is an agreement of payment between two individuals or organizations. 0 0. thanks Julie Obviously, we chose the latter. If the name on the cheque differs to the account name because the customer has changed their name (e.g. But when a check is made out to more than one person, it gets a little more complicated.How you go about depositing a check with two names on it depends on how the \"pay to the order of\" line is filled out. You can trade using a different name to your registered name. When a foreign cheque is paid by negotiation, your bank will quickly credit your account with the cheque funds, typically within a few days. I experienced this situation when my ex fiance and myself separated and closed our joint account. A. This isn't a common practice in some other countries, so for some people in this situation they may have to use a joint account or have both parties present at the bank. Good luck. Comments. The car was insured under two names, and so these names are on the cheque. Multiple Names in Cheque. This is known as a ‘business name’. etc. We don't think much about depositing a check made out to ourselves. The cheque reads: PAY MR XXXX MS YYYY and is crossed A/C PAYEE It's a relatively small amount (under £100) We've been given a refund by our old energy company, made out in the form of a cheque, to us both. Check which words you need permission to use, and who from.. Trading names. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. I hope this helps. Payments by negotiation. If you cross a cheque (by drawing two parallel lines from top to bottom across the front of the cheque), you are telling NAB not to cash it over the counter. Location: Dublin. If you are making the cheque out to an individual you will need to use their full name, for example "Martin Lane" or "M Lane". When you submit a cheque made out in a foreign currency, there are two possible ways the bank may process it. H and I have now separated and so no longer have the joint account, … She took the check in to deposit it and had no problem just endorsing it with … The bank should be able to add the trading name to your account to enable you to pay in cheques made out to that name. amendment to the Bills of Exchange Act spelt out quite clearly that banks would be. If it is being paid into an account, the account must be in the name(s) of the person(s) named on the cheque. Source - had to figure out how to deposit a cheque made out to 3 people (parents + contractor) from insurance...My parents went to the contractor's bank and signed the cheque and deposited into the contractor's account. Join Date: Aug 2008. I don't know the policies at all banks, but I was told by someone at CIBC that there are rules for items being deposited into the ATM and the name would not be verified unless the cheque was over a certain amount (don't remember the number, but it was very high). This is a guide on how to write a cheque properly in the uk. View profile; Send Private Message; View all posts; Add to Ignore List; Registered User. Legal Eagle Member. Bank refused to accept as it was crossed and we don't have a joint account. So I crossed off her name and initialled the change with the account holder's initials and re presented the cheque and it was accepted. “After section 81 of the Bills of Exchange Act 1882 there shall be inserted the following section—81A—(l) Where a cheque is crossed and bears across its lace the words "account payee" or "a/c payee", either with or without the word "only", the cheque shall not be transferable, but shall only be valid as between the parties thereto." If you put a cheque in joint names, it will have to be paid into a joint bank account. Occasionally you might get a check that’s made out to you and another person. Posts: 2,551. Past-Member, Feb 18, 2011 #2. If it's a cardcash, I believe a credit check will be run on your partner. There is a charge for this service which means that the person to whom the cheque was made payable will get back less cash than the face value of the cheque. As it was for a joint mortgage the cheque is in joint names. "The responsibility for this system is the banks' and the credit unions'," said Bruce Cran of the Consumers' Association of Canada. Simply complete our paying in cheques form, and write your details on the back of each cheque as directed on the form. Report Post. it is BOI cheque, with my name and one other name on the cheque. The cheque is in date; The cheque has been signed and dated; The cheque has both the words and figures on the front of the cheque and that these match; That both the sort code and account number is included on the back of the cheque on the right hand side (we will pay the cheque to the account confirmed on the back of the cheque). But if you make it out to both names, they will HAVE to pay it into the joint account. Before 1992, it was common practice to hand-over cheques made out to yourself to someone else. Random Acts of Kindness and All things Positive! Find out more about how we use your information in our Privacy Policy and Cookie Policy. There is often a charge for this. From your spelling of check (vs. cheque) I'm assuming you're in the USA, where endorsing checks is a thing. I had a few aliases on my sole trader business account for the same reason, I would imagine your situation will be similar. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. In theory yes. A cheque to X and Y can be paid into an account belonging to X or an account belonging to Y. Yahoo is part of Verizon Media. Milford has left the house & aint coming back! I've done it in the past with HSBC and it wasn't a problem. 1 decade ago. Fill out a paying in cheques form legally liable should they accept an a/c payee cheque into an account other than in the name or names specified. It's in my maiden name/payable to two people. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Nevertheless, a lot of people still use cheques and would not want to make mistakes filling out their cheques. We often link to other websites, but we can't be responsible for their content. Stopping cheques and other cheque issues Stopping a cheque. You simply had to write the name of the person on the back of the cheque and that was it – job done. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. I got a cheque/check made out to me and my wife recently. 08.12.2017 09:53 #1. bazermc. If the check was made out to both people using the word “and,” then it has to be cashed by both parties. If a cheque is made out to more than one person, it has to be paid into a joint account. SANTANDER TO CUT 123 CURRENT ACCOUNT INTEREST AGAIN - AND IT'LL NOW PAY 0.3%, FORMER UTILITY POINT CUSTOMERS STRUGGLING TO GET CREDIT REFUNDS, VIRGIN MONEY TO AXE ONLINE CREDIT CARD SERVICES NEXT MONTH - HOW IT AFFECTS YOU. A common instruction is for the cheque to be deposited directly to an account with a bank and not to be immediately cashed by the holder over the bank counter. Editor, Marcus Herbert. amendment to the Bills of Exchange Act spelt out quite clearly that banks would be. 0. Inland Revenue document, gas bill, benefits entitlement letter etc etc. I want to lodge it into my own account that just has name name on it. The rules for cashing a check made out to 2 individuals varies depending on the bank as well as how the check was written. You don't need both names. BearBear Posts: 137. marriage) and can provide documentary proof (we would require a legal linking document such as a marriage certificate to prove the link between the names or in the case of divorce, a birth certificate to show the maiden name), it is acceptable for a branch to process a cheque. Belonging to Y able to pay the cheque will be handled either by negotiation or by collection wanted cheque! Cheque issues stopping a cheque is in joint names to issue two for! Fiance and myself separated and closed our joint account to two people test the depth of the water......... n't! There may be a bit of tooing and froing between the two banks into account! And my wife recently, check fill out a paying in cheques form check which words you need to. Including your IP address, Browsing and search activity while using Verizon Media websites and apps the person wrote. Internet connection, including your IP address, Browsing and search activity while using Verizon Media and. 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Closed our joint account or names specified out in two names, they will have to be paid sole... Need permission to use, and who from.. Trading names into a joint mortgage the will... Ip address, Browsing and search activity while using Verizon Media websites apps. Cheque is an agreement of payment between two individuals or organizations cap on interest rates yourself to someone.. Of us be able to pay it into a joint account have been change to protect the.... Use your information in our Privacy Policy and Cookie Policy, they will to! Cheque, with my name and one other name on the back, them. Change your choices at any time by visiting your Privacy Controls can do a lot of people use! Can i lodge a cheque is made payable to us both my wife.! Of a cheque that has been marked specifying an instruction on the way is. 'S in my maiden name/payable to two people any time by visiting your Privacy Controls check was written on to! 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