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Anonymous Posted 11 years ago
Business & Finance

signing check to 2nd party
  

Top answer

The issuer is the first party; the payee is the second party. I think you mean signing a check over to a third party. " I'm given to understand that you can't do this in the US anymore.

  • The issuer is the first party; the payee is the second party.
  • I think you mean signing a check over to a third party.
  • " I'm given to understand that you can't do this in the US anymore.
  • Or at least, there a likelihood that the bank won't accept your endorsement.
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1 Answers
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The issuer is the first party; the payee is the second party. I think you mean signing a check over to a third party.

In the US, you used to be able to do this by endorsing the check "payable to XYZ." I'm given to understand that you can't do this in the US anymore. Or at least, there a likelihood that the bank won't accept your endorsement.

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