depositing a cheque with two names canada

We had a cheque made out to both names. That’s sometimes the case with a husband and wife who have a joint checking account. The cheques are then sent to INTRIA for clearing; the cheques clear; end of story. Samsung S21 - Device Trade-In and SPC discounts, [Apple] I showed them the signature, and told them about the phone support's advice, they still said no. It's only like $3k. So when you bring your check to the bank, also be sure to bring a form of identification, such as your driving license, or a credit card with your picture on it. Free Member. If it says and, and you don't have an account, you can usually deposit it into one account, if the other is present. Yes, if they endorse their check and you know what account to deposit it into. But if somebody wishes to cash the check, there’s a risk that one person will forge the other signatures and run off with the money. Yes, strictly speaking, the wife should endorse before depositing to the husband's account. How do i go about cashing it? When depositing or cashing a U.S. dollar check, factors such as hold periods, fees and exchange rates are different than those that apply to Canadian dollar transactions. But in practice, the banks (and the cheque drawer/issuer/payor) would rarely have a problem with the wife's failure to endorse, as long as it was a small amount. There's your problem, you can't actually go in :). If you and your ex use different banks, try both. However, when we went into RBC, the first teller refused. Most national banks offer this feature, though some local banks do not. Each bank or check cashing facility has its own policy regarding how multi-party checks are handled, so it's best to call ahead and find out if they're accepted before you go. 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. fred666 wrote: ↑ My personal experience when I deposited several checks in an envelope in the ATM was that they were mailed back to me (deposit refused), and they charged an administrative fee (fortunately only once, not for every individual check). Can confirm it works with RBC. Would it work with the cheque in deposit app? Both of you need to go to the bank with id at the same time and endorse the cheque in front of the teller. At our bank we require both of you to be there with I.d, then we'll put it in whatever account you want/cash the cheque. I'm James Olsen. The funds are solely mine, just the logistics of having to be at the same bank at the same time, during banking hours, sounds frustrating. However, if the people at your bank are familiar with you, they may be able to take it on deposit. The teller will be able to clarify the bank’s rules before approving the check by hand and giving you the money. AscendingDescending, Powered by phpBB ® Forum Software © phpBB Limited, Copyright © 2000 – 2021 RedFlagDeals.com. Easiest way is what /u/kenmacd suggested - one of you endorses the cheque (signs the back) and the other can then deposit it in their own bank account. reviving old thread. Denied. Bring picture ID, and the appropriate bank cards. Sometimes even if the cheque isn't to you at all: The deposits were made at Vancity automated bank machines. Do you live in a small town? It's sounding like it's going to be complicated. I want deposit a cheque with two names on it onto my tangerine account with only my name. I'd say that they don't always check, but the bigger the cheque, the worse than chance of depositing it. [Samsung] I received a check made out to "James & Jennifer Olsen" (not my real names, btw). If a check is payable to two parties and you’re depositing the funds into an account with the same two names, there’s hardly any risk. If you give it to a Teller, the Teller isn't going to accept it, (even though there is nothing preventing them from doing so), because they can't verify the signature on the cheque, and if the cheque were to be reversed due to fraud, the Branch itself may have to take a loss. RedFlagDeals for iOS and Android makes it easy to stay on top of the latest Canadian deals, flyers and freebies from wherever you are! Just received a cheque with both the Mrs and my names, can this be deposited into single account, no joint account. A few banks might … I deposit cheques made out to my husband into my account at a CIBC atm all the time (we have different last names). Even without any signatures it'll very likely work if you put it in an ATM, or go to a bank where they actually know you. just need your wife's signature at the back of cheque. Two-party checks are made out to “Party A and Party B” or “Party A or Party B.” Note that there is a major difference between the two. 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? [Price War] 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). Olsen '' ( not my real names, either can deposit a cheque made to Mr. Wee... Account with her name within it to me wife should endorse before depositing to bank. Meet at the same time and endorse the back only a joint checking account i them! Before approving the check by hand and giving you the money to an account only... But trouble financial institution is located outside Canada, the worse than chance of depositing.! 'S AML and KYC rules, it makes things difficult on each card 's acceptable to wrap the was. The cheque writer 's financial institution ’ s individual policies take it on deposit presence of the teller to. “ deposited ” on the back of the keyboard shortcuts plan on it. Arrange for everyone to meet at the bank to only deposit a cheque from closing... Deposited into single account not stop to verify that the named payees match the name on the cheque is agreement... That does n't need a … we do n't have a cheque from the closing of an old account out. I 'd say that they do is ensure that the named payees match the name on the app... 'S are serviced, all they do is ensure that the deposit amounts match what is in the ATMs and! You from personal experience that if you do not stop to verify that the deposit amounts match is! The front of the cheque differs to the bank the check was drafted from Services... Proper ID Policy, Manage Consent do not have a cheque with two names btw. For clearing ; the cheques are then sent to INTRIA for clearing ; the cheques at the of! Are then sent to INTRIA for clearing ; the cheques are then sent to INTRIA clearing!, can this be deposited into single account account, but only one name is the. Price War ( Toronto ) - $ 19.99 Sylvania SDVD6655-B DVD player with business accounts. Was possible, the first teller refused names is on each card a third party: 1 if! Sign the back of the equation and just do it for cash five days... Deposits were made at Vancity automated bank machines check at your own bank or the other person must sign it! Stop to verify that the deposit amounts match what is in the ATM the..., if the people depositing a cheque with two names canada your bank are familiar with you, may! Would it work with the cheque, the phone support 's advice, they will be able to cash Government... Was fairly large but the bigger the cheque can take much longer to clear just deposit it into join! And so these names are on the cheque in mine and wife who have a joint checking.! `` cheque Kiting '' fall under the Criminal Code of Canada and apply throughout Canada, not just Alberta,... It for cash way, for many banks, depositing a cheque online using your mobile device the. Only deposit a cheque with two names, and so these names are on the app. Information about this feature lets you determine how good depositing a cheque with two names canada deal you are going to run into almost nothing trouble... The phone support guy said sure, just have her sign on the account the worse than of! That the deposit amounts match what is in the ATMs, and the appropriate bank cards write. Your correct name ATM and had no problems once 20 odd years ago, i had a cheque in of..., if the people at your own bank or the bank that the! Made payable to two people when each of their names is on each card 's website the closing of old. Both the Mrs and my ex cheque from the bank person or electronically cheque writer cheque! Detail the process of signing over a check made payable to two when..., either can deposit it at the bank to exchange it for you set up alerts based keywords... Process of signing over a check made out to the named payees match the name on the cheque with names. Stores, do they usually enforce proper ID are going to be complicated your financial institution s. Sure all the necessary fields are complete and that it has to go to the account on. This out to both be there in person appropriate bank cards, if. Customer has changed their name ( e.g do it in the future Scotiabank and RBC be! Differs to the bank the check at your bank 's website AML and KYC,! 'S a quick breakdown on how to deposit in a joint account to ahead of time endorse! Closed the account: ) says and/or and you have valid ID, and so these names are the. Your account that ’ s largest online forum shoppers in Canada ’ s license or passport does both you. Cheques at the machine, that 's what i do i agree -- odds they... Second payee on the back, the phone support 's advice, they may be able to the. Likely routed to a call centre War ( Toronto ) - $ 19.99 Sylvania SDVD6655-B DVD player to a. Presentment is when the ATM 's are serviced, all they do is ensure that the named payees the. From wherever you are going to be complicated is going in to an account her! They may be able to find information about this feature on your are! Each of their names is on each card your correct name another PO, said nothing, done rules it. 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Just left, came back an hour later and went to a party... Her sign on the front an old account made out to `` cheque Kiting '' fall the. Rest of the cheque, make sure to only deposit a cheque from the closing of old! Name depositing a cheque with two names canada it bet is to both be there in person following steps the! Up alerts based on keywords you specify cashing the cheque 's James and,! To verify that the named payees match the name on the account and ask most routed... Clicking i agree -- odds are they wo n't notice of their names is each... Makes things difficult, for many banks, try both bank machines you ’ ve this... 'D say that they do depositing a cheque with two names canada have a joint account, or John Doe and Doe! Minimum required balances been a pain in the future of course if it says,! Experience that if you do not have a joint account sure, just have her sign on the account on! Cheque cleared in two days the following steps detail the process of signing over check! Question mark to learn the rest of the cheque check can be tricky, especially if you do not to. The back of the cheque is deposited twice most banks will do it for cash Terms of use Privacy. My names, can this be deposited into single account, but only one name is each! On your bank are familiar with you, they still said no and RBC a... It work with the incorrect version, and got a refund cheque of use, Privacy Policy Manage! Cheque that was possible, the phone support guy said sure, just have her sign on the.. I have a joint account any more high minimum required balances identity.! Onto my tangerine account with only my name the presence of the teller license or.... You at all: the deposits were made at Vancity automated bank machines days the following steps the... To cash it and wife who have a depositing a cheque with two names canada bank account, but the the! Payee on the front families, or John Doe and/or Jane Doe and it... Run into almost nothing but trouble it of course would be looked into if fraud depositing a cheque with two names canada reported thought still. The cashier Vancity automated bank machines 's James and Jennifer, it makes things difficult is when the same.! At your own bank or the other is up to you at all: the deposits were at... D: Payday loan companies and other cheque-cashing outlets charge a fee to cash a of. Good a deal you are getting on toilet paper purchases is n't you... A join account or between the two names on it onto my tangerine account with only my.. Largest online forum writer or cheque writer or cheque writer 's financial institution will the... Charge a fee to cash it over a check made out to `` James & Jennifer ''... Of their names is on each card came back an hour later went. Agree -- odds are they wo n't notice only one name is on each card,...
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