A check writer will make their cheque payable to you, making you the only person who may collect the funds. This, however, is not always the case. A person can sometimes draft a check for you, and you can sign it over to a third party, leaving it in their hands. However, most checks cannot be signed by anyone other than the original maker or holder.
Checks can be used as payment for services such as babysitting, driving someone to a job interview, or purchasing items from a store handout list. If you give a check to someone as payment, make sure you have the correct information included on the check so the recipient knows what to do with it. For example, if you give a check to a babysitter then also give them information about where you keep your keys so they don't go around to all your neighbors' houses looking for yours.
It is important to remember that checks are instruments of payment, not evidence of debt. If you owe someone money but haven't been able to pay yet, you should send them a check in the mail as soon as you can so there aren't any delays in them trying to collect.
People who write checks often like to sign them "for deposit" or "pay to the order of". This is called a "control" signature. Control signatures are useful when you want to make sure that something gets done with the money before it goes back into your account.
You are the only individual who has the legal authority to withdraw funds from the checkwriter's account. However, the simplest approach to cash that check (or withdraw money from your checking account) is to give it to your bank and let them handle it. You allow the bank to collect payment by endorsing a check. Endorsements are letters that authorize another person to deposit or withdraw money from your account. Most banks will charge a small fee for handling checks, but this is generally included in the fees listed on your statement.
The person who cashes or deposits the check must sign it at the moment of cashing or depositing it. The bank analyzes the account and fills out any documentation required to pay money using a cashier's check. Before giving you the money, the bank will also require proof of identity and address. You must present a valid photo ID (such as a driver's license) before you can receive the check.
Check writing instructions are printed on the back of the check. These instructions include the name and address of the account holder, the number of the checking account, and whether the check is payable in full or payable on demand. If the check is payable in full, the account owner signs the back of the check. If the check is payable on demand, the account owner stamps "S/D" (signature demanded) instead.
Cashiers checks are used when there is not enough money in the account to cover the check. The bank may ask for additional identification or evidence of ability to pay before cashing the check. If the check does not clear the bank after several days, you should contact the bank by phone or online request that the check be returned.
In some cases, if the check was written for more than $10,000 it may need to be signed by an officer of the company.