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Subject:
Canadian banking
Category: Business and Money > Finance Asked by: dnshurz-ga List Price: $2.50 |
Posted:
08 Jun 2005 17:18 PDT
Expires: 08 Jul 2005 17:18 PDT Question ID: 531134 |
Do I have to endorse a Canadian dollar check being deposited into a Canadian bank account? |
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There is no answer at this time. |
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Subject:
Re: Canadian banking
From: simonsays26-ga on 09 Jun 2005 13:34 PDT |
No you dont. |
Subject:
Re: Canadian banking
From: myoarin-ga on 09 Jun 2005 17:46 PDT |
I tend to believe such short comments, but being rather of a different opinion (why do they space for an endorsement?) think that applies if you are depositing a check that has been issued in your name to your own account. If you are depositing it to an account in someone else's name, the check needs to be endorsed to signify that you - the beneficiary of the check - had had possession of the check and personally released it for deposit in someone else's account. Well, maybe the laws or modern practices in Canada are different. I am sure someone can clarify the matter. |
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