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Home >> Checks/Money Orders >> Checks You Wrote
No Bank Markings on Check: Why?
What obligation does a bank have to properly mark a cashed check? There are no markings on my check, to show where it was deposited or cashed, and no endorsement. Are there any fines for something like this? How can anyone properly trace the history of the processing for the cashed check?
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 With the advent of check imaging and electronic exchange of those images, many of the once-familiar tracks of bank endorsements are now gone from the reverse of checks. In today's check processing environment, many businesses are now converting checks to images and not even bothering to take them to the bank for deposit; the images go instead. In many cases, the checks are not endorsed by the business before the images are created, so no payee endorsement will show up on the copy you may get from your bank.
Even in the event that your check doesn't get converted to an image for collection, it's not unusual for a deposited check not to be endorsed by the payee. The bank accepting such a check for deposit warrants that the check was deposited by its customer, and takes responsibility should there be a problem, such as a deposit to an account of someone other than the payee.
Unless you hear from the payee of one of your checks that he did not get your payment, you really needn't be concerned. If you do get such a claim from a payee, there are safeguards in the system to protect you and get your money back, provided that you notify the bank as soon as you learn of a problem. In most states, claims for endorsement problems have to be made within three years. In Florida, Georgia and some other states, it is one year.
Published on BankingQuestions.com 11/19/09
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