Proper endorsement is required on the back of each check before you deposit the check.
The words used on the endorsement should be exactly the same as those on the “pay to the order of” line. Endorsements may be handwritten in ink, rubber-stamped, printed or typed and must be made in the proper 1 1/2-inch space provided on the back of the check.
As a general rule, deposit items must be endorsed by whoever is listed as a payee on the “Pay to the order of” line on the check. All payees must be on the account and have access to the funds being deposited.
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Please Note: PSECU does NOT accept checks endorsed by the payee instructing payment to another person (special endorsement) example: Payee Sally Doe endorsed check "Pay to the order of John Doe, Sally Doe." PSECU accepts checks, drafts or other forms of deposit only if they are made payable to any one or more owners of the account. |
Insurance & Bill
Consolidation Check:
Special endorsement rules apply to insurance checks and bill consolidation
checks. Typically, these checks are made payable to one person and a
business. These MUST be endorsed by all payees listed on the front of
the check.
An example of a bill consolidation check...
Pay to the Order of: John Q. Member and Acme Co.
John must sign the check AND obtain a business endorsement from the Acme Co.
before depositing the check.
Travelers
Check:
Travelers Checks must be signed and countersigned on the signature lines
before deposit.
Money Order:
Money Orders must be signed on the "Purchasers Signature" line.
State, Local Government & US
Treasury Check:
Please endorse State, Local Government and U.S. Treasury checks exactly
as shown on the face of the check. Include middle initial, if shown.