BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An individual should sign a check to be cashed when in front of a bank teller (employee).
A
true
B
false
Explanation: 

Detailed explanation-1: -1. A check must be endorsed on the back for it to be valid for deposit. So, always sign your name in the blank space next to the X just before you bring it to the Bank. Note: You can deposit at a Bank location, through our mobile app, or at an ATM.

Detailed explanation-2: -Who Endorses a Check? The person receiving the check is the one that needs to endorse the check. For instance, if the front of the check on the “Pay to the Order of” line says, “Jane Doe” then Jane Doe is the one who should be endorsing the check.

Detailed explanation-3: -Sign your name on the line at the bottom right-hand corner using the signature you used when you opened the checking account. This shows the bank that you agree that you are paying the stated amount and to the correct payee.

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