Webinar: A to Z on Endorsements
April 19, 2023 3:00 pm - 4:30 pm
A check is a unique type of contract where ownership can be transferred by the endorsement on the back. Simple, right? Not so!
There is a bountiful bevy of regulations and a breathtaking number of possible scenarios. The information provided in this program will produce confidence and a thorough understanding of the legal issues of endorsements. In addition, you’ll learn a simple rule about checks that will save your financial institution thousands of dollars!
WEBINAR HIGHLIGHTS:
- Who is entitled to endorse the check?
- What is a valid endorsement?
- Bearer versus order checks
- Who is the holder of a check, and what is the holder in due course?
- Ambiguous endorsements
- Endorsements for minors, deceased parties, business accounts
- Witnessed endorsements
- Check cashing issues for business accounts
- Endorsements on income tax checks
- Trustee and power of attorney endorsements
- The connections between checks and account agreements – if you have not signed the signature card, you cannot get the money
- Postdated, stale dated, erasures, alterations, and more
- Why your institution needs to know about the negligence rule and the bank statements rule
- When there is no endorsement, should the check be sent back as “missing”?
- Treasury checks, postal money orders, and other special checks
- Checks made payable to a business - why you absolutely do not give cash back, cash, or deposit into personal accounts
WEBINAR DETAILS
Understanding endorsements and checks is crucial to making sound check-cashing decisions. This program will look at who has the right to endorse a check and the proper placement. What happens if a check is not endorsed properly? When is it best not to accept a check at all due to missing or problem endorsements? Why can’t business checks be put into personal accounts? Why is “less cash” not given on business accounts? Many tricky issues will be discussed, such as deceased accountholders, business accounts, endorsements for minors, income tax check endorsements, trustee endorsements, and endorsements by powers of attorney. Join us to learn the safe way to handle checks and ensure that you and your financial institution can be protected from loss on the negotiable instruments. You will not want to miss this webinar!
WHO SHOULD ATTEND?
This webinar will benefit tellers, head tellers, cashiers, managers, branch operations staff, bookkeepers, compliance officers who approve checks, and deposit staff who work with checks and accounts.
TAKE-AWAY TOOLKIT
- Teller handbook
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Deborah Crawford, Gettechnical, Inc.
Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.
Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.