How do third party checks work?

beer

Lifer
Jun 27, 2000
11,169
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My roommate doesn't have his checkbook. he has a wife/kids in Houston and he's doing his residency in Austin. Rent is due today.

He wants to sign me over his paycheck, I write him a check for the difference, and deposit his paycheck into my account? Will this work and will most banks (mine is Washington Mutual) accept it?
 

tfinch2

Lifer
Feb 3, 2004
22,114
1
0
The name on the check has to match the name on the account. That's what BofA has always told me.
 

imported_malcontent

Golden Member
Aug 27, 2004
1,717
0
0
You might be able to deposit it into your account if you both go down to the bank. Most likely, you would need to go inside, show both IDs, etc.