I have two jointchecking accounts with my parents, one at a credit union and the other at a bank. I went to the credit union to deposit three checks that were made out to me and two that were made out to my dad. The teller refused to deposit the checks unless we signed the back of them.
However I went to my bank after and the teller there stamped them as "for deposit only" and then deposited them. Why did the credit union refuse to deposit the checks them but the bank allowed it?
Legally, either institution can accept checks for deposit to an account of a check payee without obtaining an endorsement. However, an institution can also have its own policies and procedures, and the credit union may have a policy requiring that checks be deposited before accepting them. Finally, it's also possible that the credit union teller did not accept the checks because he or she was not familiar with the institution's practices.
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Legally, either institution can accept checks for deposit to an account of a check 