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Wednesday, September 7, 2011
12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern
Meet the Presenter
Deborah L. Crawford, gettechnical inc
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Day in and day out members endorse checks. What does it mean to endorse a check? What happens if the check is not properly endorsed? You deal with many types of checks – government, insurance, cashier’s – and each have their own rules. There are different rules for endorsing checks for deceased members, minors, guardianships, and other checks with fiduciary relationships.
Trusts, estates, and business accounts all have individuals who own assets and receive checks. Many times these entities have significant funds and pose a high risk when handling checks. Who can endorse these high level checks? How should they be endorsed?
Learn the answer to these questions and the applicable rules with this must-attend program. Every teller at every financial institution will enjoy this practical and informative program.
HIGHLIGHTS
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Can a minor endorse a check? Who can endorse a check for a minor?
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Can businesses ever cash checks, get cash back, or deposit personal checks into business accounts?
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How should a fiduciary endorse a check? On an UTMA, how does the custodian endorse the check? How does a representative payee endorse a check?
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What about checks to deceased persons? Can the executor endorse a check? What about tax payments and SS benefit checks? Who, if anyone, can endorse a check for a deceased person? Does it matter what kind of check?
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Can a trustee deposit a trust check into a personal account? Can a trustee’s personal check be deposited into a trust account? How should trust checks be endorsed?
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Does your financial institution take third-party checks? How should the checks be endorsed?
WHO SHOULD ATTEND?
This informative session is a must for all tellers, head tellers, cashiers, teller trainers, new accounts, and all branch personnel who handle checks.
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