What Are the Three Types of Check Endorsements?

Blank, restrictive, and special endorsements are the three categories of check endorsements. Each type of endorsement has distinct deposit and cashing requirements.

The most common sort of endorsement, a blank endorsement, is delivered to the bank for cash or deposit by the payee. For a restriction endorsement, “For deposit only” is written in the endorsement space instead of the payee’s signature. This form of endorsement may only be put into the payee’s financial institution account.

When the payee intends to transfer a check to a third party, a specific endorsement is used. The payee must sign his name and then write “Pay to the order of (new person’s first and last name)” After signing his name in the endorsement section, the new payee cashes or deposits the check.

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