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How do you correct a wrong signature on a check?
Cross out the mistake and write the correction on the check.
- Avoid scribbling out the mistake—just one solid line will do.
- If it’s a misspelled name, write the misspelled name and the corrected name on the back of the check with your signature.
What happens if you accidentally deposit someone else’s check?
Unfortunately, the money isn’t yours unless you made the deposit or if someone else made the deposit on your behalf. The only time you can keep money that is deposited into your account is when the deposit was intended to be made into your account. So, if the deposit was a mistake, you can’t keep the money.
Can a bad check clear?
The check might clear initially, but you may eventually lose that money once the fraudulent payment comes to light. When somebody pays you with a bad check, you might need to bring legal action against them to recover your funds or whatever else of value you provided in exchange for those funds.
What happens if my signature doesn’t match on cheque?
The Supreme Court has ruled that a mismatch of signatures will be treated on par with insufficiency of funds, “payment stopped” and “closure of account”, which are offences under Section 138 of the Negotiable Instruments Act, 1881, in case a cheque bounces.
What does Authorized signature mean on a check?
Definition: An authorized signature is the signature of a person given authority to sign particular documents, such as credit card slips, bank deposits, checks, etc. Company payroll checks will clearly list “Authorized Signature” under the endorsement line.
Is it OK to scribble out a mistake on a check?
Just draw one, very neat line through the middle of the mistake. Don’t scribble it out or draw a wiggly line through the whole thing. And definitely don’t black it out with a pen. You see, when correcting a mistake on a check, banks don’t just want to see the correction.
Can I keep money sent to me by mistake?
The only time you can keep money that is deposited into your account is when the deposit was intended to be made into your account. So, if the deposit was a mistake, you can’t keep the money. It’s as simple as that.