Rates Current as of Friday February 10, 2012

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Someone recently paid off a debt that had with me and gave me a post dated check, is it illegal to post date a check? »

If I have a check that is made out to me, but I would like to endorse it and send it to someone else so say they can deposit into their bank account and have the funds. Can I do this and how should I do this?

The proper way to make the check that is currently payable to you, payable to someone else, is to apply what is called a restrictive endorsement. You should sign the back of the check and write, “Pay to the order of … ” filling the persons name you wish to have the check paid to. This will make the check payable to the person you designate and that person will then need to endorse it or deposit it into their account.

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