Question

Samantha wants to deposit her paycheck, but needs to be sure that it can only be deposited into her account: 450923893485. How should she endorse the check?

A) Samantha's Signature
B) For Deposit Only
C) Cash Only
D) Account Holder's Name

Answer 1

Samantha should endorse her paycheck with the phrase 'For Deposit Only' along with her account number and her signature to ensure it can only be deposited into her account.

Step-by-step explanation:

To ensure that her paycheck is deposited into her specific account number 450923893485, Samantha should endorse the check with the phrase 'For Deposit Only' followed by her bank account number. This is known as a restrictive endorsement and prevents the check from being cashed; it can only be deposited into the specified account. The correct way to endorse the check would be to write 'For Deposit Only,' then her account number, followed by her signature on the back of the check.