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Depositing a Check Made Out Incorrectly

We received a check in our donations. The check is made payable to another company, can we deposit it?

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Because the check isn't payable to your organization, you aren't entitled to deposit it. You should send the check back to whoever sent it to you, or contact that person and point out the problem. If the issuer intended that the check be payable to your organization, you should ask for a replacement to be issued.

Published on BankingQuestions.com 12/20/06