Understanding endorsements
and handling checks is crucial
to making sound check cashing
decision. A check is a unique
type of contract where ownership
can be transferred by way of the
endorsement on the back of the
item.
This program will look at who
has the right to endorse the
back of the check and where is
proper endorsement placement. We
will also look at what happens
if a check is not endorsed
properly, when it may be best
not to accept the check at all
due to missing or problem
endorsements and why we do not
put business checks into
personal accounts and why we do
not give less cash on business
accounts.
Many “tricky” issues will be
discussed, such as deceased
customers, business accounts,
endorsements for minors, income
tax check endorsements, trustee
endorsements and endorsements by
powers of attorney.
Learn the safe way to handle
checks and be sure that you and
your financial institution can
be protected from loss on the
negotiable instruments. You will
not want to miss this webinar!
The information provided will
produce confidence and a
thorough understanding of the
legal issues of endorsements.
Topics Will Include:
- Who is the person entitled to endorse the check?
- What is a valid endorsement?
- Bearer verses Order Checks
- Who is the holder of a check, and what is the holder in
due course?
- Ambiguous endorsements
- Endorsements for minors, deceased parties, business
accounts
- Witnessed endorsements
- Check cashing issues for business accounts
- Endorsements on income tax checks
- Trustee and power of attorney endorsements
- The simplest rule about checks that will save your
financial institutions thousands of dollars!
- The connections between checks and account agreements if
you have not signed the signature card you cannot get the
money
- Postdated, stale dated, erasures, alterations and more
lessons we need to learn
- Why your institution needs to know about the negligence
rule and the bank statements rule
- Should we check endorsements and sent them back as
“missing”?
- Treasury checks, postal money orders and other special
checks
- Why we absolutely do not give cash back, cash or deposit
into personal accounts checks made payable to a business.
Who Should Attend?
This webinar will benefit tellers, head
tellers, cashiers, managers, branch operations,
bookkeeping, compliance officer who approve checks and
deposit representative who work with checks and
accounts.
Instructor
Deborah Crawford is the President of
Gettechnical Inc., a Virginia based training company. She specializes
in the deposit side of the financial institution and is an instructor
on IRAs, BSA, Deposit Regulations and opening account procedures.
She was formerly with Hibernia National Bank (now Capital
One) and has bachelor's and master's degrees from Louisiana State
University. She has 30+ years of combined teaching and banking
experience.
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