If a relative needed me to deposit a check into my account, we would both have to endorse it, correct? The accounts are in different states. I have deposit slips.
Yes, the check would have to be endorsed first by the payee and then by you. It's generally not a good idea to deposit someone else's check in your account. If there's a problem with the check and you've sent your relative money for it, you'll be left holding the bag.
If your relative first endorses the check, you should be able to deposit it to your account. Be aware, however, that your bank may have a policy against knowingly accepting such a check, often called a third-party check, for deposit.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.