What does the endorsement behind a bank check mean?

Endorsement is a legal term, which refers to the signature on the instrument, and the rights specified in the instrument are transferred from the endorser to the endorsee. It is a procedure in which the payee or holder of a bill signs or writes on the back of the bill when transferring the bill. If the name of the drawee or the name of the drawee unit is stated when endorsing, it is called a registered endorsement; if the name of the drawee or the name of the drawee unit is not stated, it is called a bearish endorsement. For a bill transferred by endorsement, the endorser is responsible for guaranteeing the issuer's payment when due. If the issuer fails to pay when due, the endorser must bear the repayment liability. After endorsement, the ownership of the instrument is transferred from the endorser to the endorsee. A bill can be endorsed multiple times and transferred multiple times. There are five types of endorsement: qualitative endorsement, blank endorsement, special endorsement, limited endorsement and conditional endorsement.

Checks are only transferable by endorsement within their clearing area.

If the drawer of a check issues a check to a payee outside the specified area, and the endorser transfers the instrument to an endorsee outside the specified area, banks outside the area will not accept it, but the drawer, The indorser remains liable for the instrument. For instruments transferred by endorsement, the endorsements must be continuous. The holder proves his rights to the instrument by the succession of endorsements. If the instrument is obtained by other legal means without transfer by endorsement, evidence shall be produced in accordance with the law to prove its rights in the instrument. What does endorsement of a bank check mean?

Endorsement: It is a legal term that refers to the signature on the instrument, and the rights stipulated in the instrument are transferred from the endorser to the endorsee.

Generally speaking, after B gets A's transfer check, he stamps his seal, that is, endorses it, on the endorsement column of the transfer check, and makes "entrusted collection" (write the entrusted collection XXXX (account opening) OK)), so that B has the right to this check. If he wants to transfer it to C, he does not need to make an "entrustment for collection". C will sign the endorsed column after B's seal, and C then makes an "entrustment for collection". , this is called endorsement transfer. What does check endorsement mean?

It means stamping the bank’s reserved seal on the endorsement column on the back of the check, writing “XX Bank XX Branch/Branch” in the endorsee column, and writing “Authorized” below. Collect"

Cash check: After the drawer fills out the check, it is enough to stamp the bank's reserved seal on the endorsement column on the back. There is no need to write it.

Transfer check: After receiving it, the payee should write "XX Bank XX Branch/Branch" in the endorsed column on the back, write "Entrusted Collection" below, and stamp it in the endorsement column. The bank reserves a seal, fills out the invoice, and deposits it at the bank's public window. What does the endorser on the back of a cash check and a transfer check mean?

1. Behind the cash check is the signature of the payee, which is the signature of the payee when you write the check. 2. The endorsee behind the transfer check is the signature of the payee when you write the check. What does it mean to have an endorser on the back of a check stamped by their bank?

No, if you receive a transfer check and want to deposit it, you can go to the other party's bank where the account is opened, or you can go to yours If you want to issue a check at your own bank, you must fill in the name of the endorser on the side of the check. The name of the endorser is the name of your own bank. Then you fill it out and return it to your own bank. You should write on the right side of the box below: Entrusted collection (preferably written vertically) I don’t know if you know it clearly. If you don’t know, ask again. Online

What does the endorsement and the endorsee on the back of the check mean< /p>

To put it simply, endorsement means that the person who issues the check needs to sign, and the endorsee refers to the legal person, other organization or individual who accepts the endorsed check.

For example, if someone gives you a transfer check, and you take the check to the bank to withdraw money, you are the endorsee, and the person who gave you the check is the endorser.