I have been in the industry quite some time and while you may not always like my answer, it is what I know. BofA has many policies and procedures and I do know how they work and even how to work around some of those policies. Again, it may not be the anwer you like, but it's honest :-)
I am also a licensed realtor for the state of Oklahoma.
Actually, Shelby, the best method is to go to the payee's bank and cash it there. There is no method for endorsing these checks over to a third party anymore. It's a practice that banks can no longer honor, except in very limited and special circumstances. The Patriot Act made many former banking practices impossible and third-party checks are one.
If the check is made out to you, you can either deposit the check and write the other person one of yours or you can go to the bank of the payee and hand the funds over to the third party. The check written to you will only be good for you.
Good luck and have a great day.
Bankbuster is correct. It is not as acceptable as it has been in the past to sign over a check to a third party. You can go with the third party to their bank with your ID and attempt to sign it over. Depending on the third party's relationship and the amount of the check, it may be cashed or not.
If you have ID, take the check the check to the issuing bank and have them cash it. You should take a second ID as well, a credit card or debit card are the most common examples.
As everyone mention, signing over a check is technically not negotiable.
The only cases where signing a check over if the person is a minor, then they could sign it over to their parent with the check saying 'parent of a minor'.
To sign over a check, the person who the check is issued to will have to write down their state id/ driver's license number, (and write down DL or ID) issue date, and expiration date.
A common practice for people is to sign over a check and deposit at the ATM. However there is a chance it will come back to you(bounce check). (Meaning your account could be overdrawn) This happens quite often since 'signatures/endorsements' can't be verified or the name of the person on the check doesnt match the account.
Easiest thing to do is be there in person or just cash out the check and give the person the cash.
The only other time you can sign over a check is signing it over to BoA to use it towards like your payments.
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I am superme, and I work at BoA. I know the bank inside and out.