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When is it a good idea to write 'For Deposit Only' on the back of a check?
Author: Chuck Ivens
Website: http://www.ChecksInfo.com
Added: Sun, Jan 14, 2007 14:11:32
Category: Checks Questions
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If you write a ‘for deposit only' on the back of your check, it's security measure. In case your check is stolen, lost, or misappropriated, a check with 'for deposit only' on it can only be deposited to your account, not cashed. Therefore your money is safe and will not be released to another person.
keywords: Checks | Check | Checking | Checkbook | Cheques | Banking | Bank Deposit About the Author:
Chuck Ivens answers frequently asked checks questions at PrettyGreatAnswers.com.
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