My wife and I received a bank draft which is made out to both our names. Problem is that we don't have any accessible joint accounts - the only one we have is ING which means we have to mail it somewhere.
Can you deposit a joint cheque into a single person account if the other person signs something or is there in person?
Someone suggested getting your spouse to sign the back of the draft and then I can deposit it.
Anyone ever done this?
If it says "or" between the names its okay.
If it says "and" theres a chance the teller will refuse to deposit it.
If both parties sign the back, you'll get away with it if you deposit it in a bank machine 90% of the time... unless there is a really picky person @ symcor (or whatever check processing 3rd party company your bank uses).
If the second party shows up @ the bank with ID to deposit it into your account... They'll most likely deposit it for you with no problems and if there is... The manager will usually let it slide if the second party shows ID.
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