Bank employees: 3rd party checks

[Eli]

I think that's what it would be called anyway.

So, my brother doesen't have a bank account(past financial issues...).

So we were going into the bank to deposit his unemployment checks. He would sign it, then I would sign it and deposit it into my account in the presence of a teller.

After a few times of this, they(Wells Fargo) said they wouldn't do it anymore. We were like.. hmph.

A long time passed.. he had been depositing his checks through his girlfriends account using the above method. They broke up.

Fast forward to the last 6 months or so. We've figured out a new way to do it, apparently..

He writes "Pay to the order of: my name", and signs it. Then I sign it and write my account number below my signature.

Then we deposit it into the ATM. 😀 No bitchy teller! And it's worked every time...

So.. is it indeed a legal form of endorsement? Are our bank's tellers stupid? Should the 1st method be valid enough?

Inquiring minds want to know. 😉

Just to clarify, he has a job now.. But we occasionally do the same ATM deposit thing with his normal paychecks.

 

[Colt45]

all he has to do is sign it and give it to you, and it should be good anywhere. the bankers are just being lazy SOBs.

 

[EagleKeeper]

Originally posted by: Colt45
all he has to do is sign it and give it to you, and it should be good anywhere. the bankers are just being lazy SOBs.

The banker is trying to encourage him to open an account by making a hassle.

Bring it up to the branch manager if you wish to get some satisfaction.

/typos

 

[akubi]

Originally posted by: Colt45
all he has to do is sign it and give it to you, and it should be good anywhere. the bankers are just being lazy SOBs.

hey they may be lazy lazy SOBs, but part of their tax dollars are paying for his unemployment checks.

 

[Eli]

So he only has to sign it? lol..

I find that amusing. How do they know that it's actually his signature? heh

Edit: On second though, that's basically all he does anyway.. so I guess they don't know that it's really his signature.

So is it one of those things where they don't really care, as long as everything goes through OK?

If something seemed fraudulent/amiss/check bounced, etc.. they would probably sentence me to death by firing squad.. lol

Originally posted by: akubi

Originally posted by: Colt45
all he has to do is sign it and give it to you, and it should be good anywhere. the bankers are just being lazy SOBs.

hey they may be lazy lazy SOBs, but part of their tax dollars are paying for his unemployment checks.

He has a job now. He works at Harbor Freight tools. 🙂

He was cashing his paycheck at the local grocery store. They take 5$ of it though.. in the form of a token that you can only spend at their stores, on a purchase of 25$ or more. So I guess you do get it back as long as you buy 25$ worth of groceries per check, lol. But it's still easier to do it with the ATM. Plus he likes having money in my account incase he wants to buy something online or something, since he has no debit/CC.

 

[EagleKeeper]

Originally posted by: Eli
So he only has to sign it? lol..

I find that amusing. How do they know that it's actually his signature? heh

If he signs it in person before them, they can verify with other ID.

Depositing in the ATM, they have no way of knowing, unless the stae declares it as stolen. In that case, the state will get the money back from the bank/you and then you get to play Wheel of fortune and spin the wheel for a chance of becoming Bubba's roommate with free room and board.

/typo

 

[Eli]

Originally posted by: EagleKeeper

Originally posted by: Eli
So he only has to sign it? lol..

I find that amusing. How do they know that it's actually his signature? heh

If he signs it in person before them, they can ve3rify with other ID.

Depositing in the ATM, they have no way of knowing, unless the stae declares it as stolen. In that case, the state will get the money back from the bank/you and then you get to play Wheel of fortune and spin the wheel for a chance of becoming Bubba's roommate with free room and board.

Yeah. See my edit. 😉

But it was always such a pain in the ass to go into the bank since the tellers would make a fuss about it. So screw 'em.

Not to mention that banks' hours are one of the most aggrivating things on the planet. The ATM is always open. So screw 'em x2.. lol

 

[EagleKeeper]

Originally posted by: Eli
So screw 'em x2.. lol

Bubba will for you, if he declares the check as stolen.😛

 

[Legendary]

Originally posted by: Colt45
all he has to do is sign it and give it to you, and it should be good anywhere. the bankers are just being lazy SOBs.

This isn't true - a bank doesn't have to take a double endorsed check if they can't verify the signature of the third party. If you show up to the bank with your brother and he presents ID, then you can deposit it without a problem (since the ID of the payee of the check is verified, and it can be proven that he gave permission to deposit the check.)
The reason your ATM deposits are probably going through is that reversing an ATM deposit is really, really annoying and most likely not worth the time. Tellers in the branch itself shouldn't give you a hassle if you're both present and your brother has ID.
<-- works for HSBC Bank

 

[Eli]

Originally posted by: EagleKeeper

Originally posted by: Eli So screw 'em x2.. lol

Bubba will for you, if he declares the check as stolen.😛

Yeah.. but we're not doing anything shady or wrong... so.. it should be fine.

I'm sure whoever's been processing them all this time is used to it by now.. I still wonder though.. Maybe they get more and more pissed each time they have to do it? 😉 lol

 

[Mr N8]

Originally posted by: EagleKeeper

Originally posted by: Eli
So he only has to sign it? lol..

I find that amusing. How do they know that it's actually his signature? heh

If he signs it in person before them, they can ve3rify with other ID.

Depositing in the ATM, they have no way of knowing, unless the stae declares it as stolen. In that case, the state will get the money back from the bank/you and then you get to play Wheel of fortune and spin the wheel for a chance of becoming Bubba's roommate with free room and board.

Actually, from what I remember from being a bank teller, he would have to sign in the presence of the teller and also give them a form of gov't issued ID that includes a photo and a signature. When depositing it through the ATM, technically they shouldn't be taking that check since they can't verify that he actually gave you those funds.

 

[bigrash]

Originally posted by: Colt45
all he has to do is sign it and give it to you, and it should be good anywhere. the bankers are just being lazy SOBs.

uhm no. Some banks allow it, some don't. It depends on their policy.

 

[Eli]

Just to clarify, he has a job now.. But we do the same ATM deposit thing with his normal paychecks.

 

[Eli]

Bump for more informaiton.. kinda getting some conflicting info, it seems.

 

[gooseman]

Maybe I'm just old fashioned here but why doesn't the lazy SOB just open up a checking account and quit bothering you?

 

[Eli]

Originally posted by: gooseman
Maybe I'm just old fashioned here but why doesn't the lazy SOB just open up a checking account and quit bothering you?

He's FUBAR'd two bank accounts, so he's like blacklisted. Can't open a checking account anywhere, it seems.

He's working on paying the banks back so he can be in the clear again, but it's going to take a while.

 

[ponyo]

Originally posted by: Eli
Bump for more informaiton.. kinda getting some conflicting info, it seems.

What conflicting info? Seems people are telling you the same thing. 3rd party checks are normally accepted but can depend on the banks policy. That teller is just giving you a hard time. Find a new teller or new branch. Or continue to use the ATM since it's hasslefree.

Banks can sometimes be stricter with govt checks. I know they are with IRS checks.

 

[BlackOmen]

Negotiability of a check is established on the front with the words "pay to the order of ...".

"Signing over" a check accomplishes nothing, since the issuer of the check establishes negotiability, not the endorser.

He should look into a credit union.

 

[Eli]

Originally posted by: Naustica

Originally posted by: Eli
Bump for more informaiton.. kinda getting some conflicting info, it seems.

What conflicting info? Seems people are telling you the same thing. 3rd party checks are normally accepted but can depend on the banks policy. That teller is just giving you a hard time. Find a new teller or new branch. Or continue to use the ATM since it's hasslefree.

Banks can sometimes be stricter with govt checks. I know they are with IRS checks.

OK, I lied.. It was a shameless bump.

😛

 

[EvilPaper]

You are going to find a hassle with Double Endorsed checks no matter where you go. They have an extremely high return probability, the bank or credit union is simply trying to protect itself from a loss. Endorsed checks get stolen frequently and double endorsed checks are frequently returned by the issuing bank. When you deposit it to the ATM, the ATM machine automatically places a hold on the check. The teller isn't trying to give you a hard time just to be a PITA, her or she is just trying to discourage the activity as they have more than likely been instructed to do by their management. Even with a hold, the checks can still be a problem. And if the ATM could talk, it would probably yell as well, because he really should get his own account for that type of thing.

My only caution would be that I have seen some perfectly legit double endorsed checks get returned, even after a hold. So, if you or someone else has given the money to him right away for the check, you would be the one out the money in your account.

Edit: Also, some places offer checking accounts to people that have had problems with managing accounts in the past, after they take a class. Typically most credit unions have some variation of this.

 

[Eli]

Originally posted by: EvilPaper
You are going to find a hassle with Double Endorsed checks no matter where you go. They have an extremely high return probability, the bank or credit union is simply trying to protect itself from a loss. Endorsed checks get stolen frequently and double endorsed checks are frequently returned by the issuing bank. When you deposit it to the ATM, the ATM machine automatically places a hold on the check. The teller isn't trying to give you a hard time just to be a PITA, her or she is just trying to discourage the activity as they have more than likely been instructed to do by their management. Even with a hold, the checks can still be a problem. And if the ATM could talk, it would probably yell as well, because he really should get his own account for that type of thing.

My only caution would be that I have seen some perfectly legit double endorsed checks get returned, even after a hold. So, if you or someone else has given the money to him right away for the check, you would be the one out the money in your account.

Edit: Also, some places offer checking accounts to people that have had problems with managing accounts in the past, after they take a class. Typically most credit unions have some variation of this.

Thanks for the heads up.

I never really front him the money, so that's not a big deal..

But technically, we aren't doing anything wrong(at least as far as I know).. the checks are legit, etc.. so it should be OK.

Even if they did return a check we deposited... while a big PITA, he should still be able to get it re-issued, etc.. he'd just have to cash it at the grocery store. He gets paid every week though, and doesen't buy that many groceries.. he already has a few of their coins built up, lol.

 

[tk149]

Originally posted by: Legendary

Originally posted by: Colt45
all he has to do is sign it and give it to you, and it should be good anywhere. the bankers are just being lazy SOBs.

This isn't true - a bank doesn't have to take a double endorsed check if they can't verify the signature of the third party. If you show up to the bank with your brother and he presents ID, then you can deposit it without a problem (since the ID of the payee of the check is verified, and it can be proven that he gave permission to deposit the check.)
The reason your ATM deposits are probably going through is that reversing an ATM deposit is really, really annoying and most likely not worth the time. Tellers in the branch itself shouldn't give you a hassle if you're both present and your brother has ID.
<-- works for HSBC Bank

QFT

<-- also works at bank