A transferable check is a personal or business check that is endorsed by one person (endorser) to another person (endorsement) to make a payment. Not all lenders accept this type of check, but learning how to write a check can give you the advantage of being able to use it as a form of payment on multiple occasions. Follow the steps below to learn how to transfer a check.
Steps
Part 1 of 4: Accepting a Check Endorsed
Step 1. Make sure that the person you want to endorse, the endorser, will accept the check
Ask them if they have ever used a check made at their bank as there are no laws requiring banks to accept them
Step 2. Call your bank to confirm that they accept transferable checks
If you can't get in touch with the nominee immediately, but know the branch of their bank, you can call customer service to ask for information.
Step 3. Ask the bank if special procedures are required to accept a transferable check
In some cases, banks have set rules governing these procedures. Some banks require both parties to have an account at their location to ensure funds are transferred.
Part 2 of 4: Making the turn
Step 1. Flip the check
Look at the three lines at the top of the check, where they instructed you to make the endorsements.
Banks usually require checks to be signed by the endorser as well before delivering them to the bank
Step 2. Sign in the top line of the endorsement area
When signing, try not to overstep the line, so that there is room for more turns.
Part 3 of 4: Special Shot
Step 1. Optionally, you can write “on the order of” in the second line of the endorsement
Try to leave space to enter the name of the endorsement in the same line.
Step 2. Write the name of the endorsement next to “on order of” as clearly as possible
