Who signs institutional checks?
December 11, 2009 1:34 AM Subscribe
[Bureaucrat-filter]: Who signs checks that are issued by institutions? Who endorses checks that are deposited by institutions?
posted by ms.codex to Work & Money (12 answers total) 4 users marked this as a favorite
Let's say I work for Big State U. Because I don't use direct deposit, Big State U issues me a paycheck every two weeks. Whose signature is on the check? Is this a "real signature"-- that is, does the individual whose name is on the line hold any real legal liability, or is she just a stand-in for the institution? If the signature is "printed" on, is it pre-printed before the payee's name is printed?
When I, in turn, write out my check for tuition to Big State U, who deposits the check? Does that person actually have to sign on the back?
And if I want to find published information on check-writing, check-signing, and check-cashing procedures, where should I go? Do banks issue handbooks on this? Sorry, I'm clueless (and curious). Lots of questions here; thanks in advance for your answers.