Ensure the payee endorses the check with restrictive wording. Below this signature, you should write "For Deposit Only" followed by the account number of the recipient.
Wells Fargo Third Party Check Hold Times and What to Expect
Visit the originating branch to confirm the check is valid and funded. Understanding Third Party Check Endorsement The first step in the process involves the physical endorsement of the check.
The Role of Holds and Clearing Times Even with all the correct documentation, depositing a third party check often triggers a hold placed by Wells Fargo. This restriction ensures the funds can only be deposited into that specific account, adding a vital security measure that protects both the payer and the bank from potential theft or misuse if the check is lost.
Understanding Wells Fargo Third Party Check Hold Times
This means if you are trying to deposit a check made out to someone else, that individual usually needs to visit the branch with you. Consider using a cashier's check or electronic transfer for large sums.
More About Depositing third party checks wells fargo
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