Can i make a cheque payable to cash

The recipient will sign the back of the check and list his or her bank account number directly underneath the signature. Alicia Bodine is a New Jersey-based writer specializing in finance. Share It. To cash the check, take it to your bank and sign the back of the check to endorse it. The bank may require identification before cashing it for you.

As long as the check has been signed, a check written out to cash can be cashed by absolutely anyone. Along the way, the check falls out of your wallet. If a random person finds that check before you get a chance to get your bank to stop payment on it, that person can head to the nearest bank, cash the check and take your money. In this case, the person who lost the check may even try to get you to write them another one.

Rather than write the check to cash, write the check out to yourself. This way, only you can cash the check. In this case, just wait and find out who really should get the check before filling in the name. Now you know exactly how to write a check out to cash and why writing a check to cash is an awful idea. Some banks are reluctant to cash checks made out to cash and might refuse, but others will be willing to cash the check. Come prepared to show at least one form of photo identification if the bank allows you to cash it.

The bank will ask you to endorse the check on the back, then compare the signature with your identification before giving you the cash.

The bank might also write your driver's license number and other identifying information on the back. You might be charged a service fee since you do not have an account there. When you need cash, you can write a check to "cash" and take it to your bank to obtain an immediate withdrawal from your account. There's a reason that TD doesn't like that.

It could indicate possible fraudulent and money laundering activities. No bank is going to cash a cheque right away. There will always be a hold on it. Even the funds from a certified cheques will be held until it clears. Why not just get the cheque payable to the bearer's name? Then you don't have to worry about anything.