Up To Date Business
Up To Date Business
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at a cheque drawn to order and then indorsed in blank by the payee is really payable to bearer, and if the paying teller is satisfied that the payee's signature is genuine he will not likely hesitate to cash the cheque. In England all cheques apparently properly indorsed are paid without identification.
[Illustration: A cheque drawn so as to insure payment to proper party.]
In drawing a cheque in favour of a person not likely to be well known in banking circles, write his address or his business after his name on the face of the cheque. For instance, if you should send a cheque to John Brown, St. Louis, it might possibly fall into the hands of the wrong John Brown; but if you write the cheque in favour of "John Brown, 246 West Avenue, St. Louis," it is more than likely that the right person will collect it.
If you wish to get a cheque cashed where you are unknown, and it is not convenient for a friend who has an account at the bank to go with you for the purpose of identification, ask him
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FEATURED AUTHOR - Art Blegen is the author of “The Adventures of Kris”, a series of early middle-grade chapter books for young readers from six to ten years old. Each child is important, and each family matters to Art. He is an advocate for educating children and their parents to ensure they have a healthy balance of positive examples in their lives. Wholesome stories and a healthy imagination can lay the foundation they will use for the rest of their lives. Whether playing with his grandchildren or coaching… Read more