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Business Check - Personal Account
I have a business account. Can I sign a check made to my business and deposit it into a personal account?
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 A lot will depend on whether your business is a sole proprietorship. If your business is, in fact, a sole proprietorship, you and the business are the same person, and it's quite common, actually, for sole proprietors to commingle business and personal funds. There is no legal prohibition against your endorsing the check and depositing it to your personal account.
However, if your business is a partnership, LLC, or corporation, the rules change. Most banks will not accept a check payable to such a business for deposit to a personal account, regardless of how the endorsement is worded, even if you are the sole or principal owner of the business. That's because the bank will not know whether you have the authority of the business entity to act in its name. In such a case, it would be better to deposit the check to the business's account, and write a check to yourself.
Published on BankingQuestions.com 10/05/06
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