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Is Payee the Only One Who Can Cash It?

How can I make sure that the payee on a check that I write is the only person who can cash the check?


You really can't. A check paid to "John Doe" may be endorsed by John, but then transferred to another party. John received benefit of the check, and he negotiated it to another person, without actually cashing it in the normal manner.

Published on BankingQuestions.com 5/29/08