Q:

Where can you cash a two-party check?

A:

Quick Answer

A two-party check is cashed at the bank where it's from or at check-cashing stores. A two-party check is written to two individuals.

Continue Reading

Full Answer

Two different derivations of two-party checks exist that a person may receive. First, there is a two-party check written to either party. In that case, one of the individuals to whom the check is written may cash it with only his signature. This is common for married couples, who may receive checks jointly. Secondly, there is a two-party check written to both parties jointly. For this type, both individuals need to sign the check to cash it.

Learn more about Personal Banking
Sources:

Related Questions

  • Q:

    What are some places that cash personal checks?

    A:

    Places that cash personal checks include banks, check-cashing businesses, convenience stores and supermarket chains. The ideal place is either the bank of the recipient or the bank of the person who wrote the check (the bank where the money comes from). There will most likely be no fees charged if check recipients go to their own banks, but fees are likelier at the bank of the check writer.

    Full Answer >
    Filed Under:
  • Q:

    How long can a bank hold a check before you can draw on it?

    A:

    The length of time a bank can withhold the availability of funds from a check depends on the type of check, the amount of time the account has been active, the amount of money for which the check is written and the bank's availability policy. Certain types of checks, including United States Treasury checks and government checks, must be made available to the customer on the business day following the deposit, according to the Federal Reserve Board.

    Full Answer >
    Filed Under:
  • Q:

    Can I cash a check online through Bank of America?

    A:

    While there is no way to cash a check online through Bank of America, the bank does state that there is an option to deposit a check via Mobile Check Deposit. To do this, customers must have a smartphone or tablet and the Bank of America Mobile Banking App.

    Full Answer >
    Filed Under:
  • Q:

    How is money transfered from one bank to another?

    A:

    Some ways to transfer money from one bank to another include a wire transfer, writing a check or doing a transfer with an account and routing number. Customers should be aware that some financial institutions may charge a nominal fee for transferring money. The amount varies depending on service and bank.

    Full Answer >
    Filed Under:

Explore