General banking question (re. cheques)

[cesme77]

My friend gave me a cheque that's addressed in his name. Does he have to sign the back, or can I just deposit in my account using an ATM?

[batcave]

He has to sign because it is made out to him/her. You also 'might' have to sign.

If it bounces, you are responsible for the charges.

[15-20_God]

Depending on the type of customer you are, the bank might not even take it. Its a 3rd party chq. They'll jsut reverse the chq and send it back to you.

[peterbrowne]

the only time's i've done this was between family members:
Fisher (grandmother with account at scotia) Browne (mom acct at TD)


K. Fisher
:arrowd: :arrowd: :arrowd: :arrowd: :arrowd: :arrowd: :arrowd:
FOR DEPOSIT ONLY
TO THE CREDIT OF
S. Browne
TD Canada Trust
Westdale Mall
Acct XXXX-XXX
Cheque was issued by Bell Canada.
Did the same with Great West Lifeco/Computershare, Dundee Securities, and a cheque from great grandmother's TD account