[tturedraider]

Oh, one other endorsement option the bank has. With this one they take on quite a bit of responsibility. Let’s say you take your spouse’s paycheck to the bank to deposit to your joint checking account, but you forget to get him or her to endorse it first. If you are just depositing it into your joint account and not getting any cash back and the bank knows you and trusts you they have an endorsement stamp they can put on the check in the absence of the payee’s signature. “Deposited to the Account of the Within Named Payee. Absence of Endorsement Guaranteed” By doing that the bank guarantees the validity of how the check was negotiated to the bank it is drawn on. This endorsement by the bank gets used most often for businesses that forget to stamp their own endorsement on checks they present for deposit to their checking account.