Cashing a check made out to someone else

cptofthehouse
Thu, 30 May 2013 10:26:01 +0000

I can tell you right out that BankofAmerica is cautious about this sort of thing even when the check is to be deposited. At least the branch in our town. Whether it is a branch rule or a discretionary rule at whatever level at the bank, I don’t know. But they do screen those checks and if they are not made out to the account holder or even if it’s a check made out jointly to two people, and it’s going into one of those two people’s accounts at BA, it can still be an issue.

So again, YMMV from having absolutely no problem and being able to even cash the check and go merrily your way, to a refusal to even take the check or do anything with it without the party/parties named on the check as payee right there. This is not my opinion, but fact, from what I have seen and experienced here. It doesn’t mean that it will happen to anyone, but, yes, some of the banks are getting to be very cautious about this. They don’t HAVE to take ANY check, if they have qualms or doubts about it document.