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but a cheque has a giver and a receiver, the receiver cannot then give the check to someone else as payment since the giver and receiver printed on the cheque a
by 867-5309 6y ago
but a cheque has a giver and a receiver, the receiver cannot then give the check to someone else as payment since the giver and receiver printed on the cheque are different
- thefringthing 6y agoYes they can. By simply writing "Pay to the order of: X" in the endorsement area, the original recipient can create what's called a "third-party cheque". A bank would probably not accept this today, but it was certainly done in the past.
- owenversteeg 6y agoInteresting, I used to do that all the time (up until 2018 maybe?) to let friends or family cash checks for me and it worked with no problem, even though I wasn't even in the country. I just Googled it and apparently many banks still accept third party checks, although it does seem to be partly at the discretion of the bank manager and often requires both people present. Here's a decent list of banks' conditions: https://firstquarterfinance.com/where-can-i-cash-a-third-party-check/ https://firstquarterfinance.com/where-can-i-cash-a-third-par...