Bring multiple forms of identification for both parties. However, you will still need to bring documentation proving your legal authority to act on their behalf.
Wells Fargo Third Party Check Deposit Requirements and Documentation
Understanding Third Party Check Endorsement The first step in the process involves the physical endorsement of the check. The Payee's Presence Requirement Wells Fargo policy generally requires that the payee named on the check be present to endorse it.
During this period, the funds are technically unavailable, despite appearing in your online account balance. Risks and Best Practices Because of the extended hold times, you should exercise caution when spending the anticipated funds immediately.
Wells Fargo Third Party Check Deposit Requirements and Documentation
Ensure the payee endorses the check with restrictive wording. Additionally, if you have power of attorney or are the authorized signer on the payee's account, you may be able to complete the deposit without them physically present.
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