An insurance claim check is made payable to two individuals and the business which they own. Can the check be deposited in their personal account, or does it have to be deposited to the business account?
If the check is properly endorsed by all payees, it can be deposited into an account of any of the payees. It's clear it cannot be deposited to both the individual and business accounts, so a choice between the two has to be made.
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.