Can i lodge a cheque in someone else's name?

M

madfella65

Registered User
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I just got paid from a buyer for a car - but he gave me a cheque made payable to himself - can I lodge this to my account?
 
If its not crossed ac/c payee only and the person to whom the cheque is made out to has signed the back
 
Assuming the cheque is not crossed (i.e. doesn't have markings such as "a/c payee only") he can endorse it (sign the back of it) and then you can pay it into your account.

If he neglected to endorse it I suppose somebody else could have a stab at his signature and nobody would know, provided the lodgement wasn't fraudulent.
 
Thanks folks - will try and see - its not crossed - or signed....!! tomorrow will tell!!!
 
No. And you must be crazy to accept it. Bank should not accept it and just in case what happens if the cheque bounces. Tell the buyer that you will accept Cash or Bank Draft only.
 
mercman said:
No. And you must be crazy to accept it. Bank should not accept it and just in case what happens if the cheque bounces. Tell the buyer that you will accept Cash or Bank Draft only.
Click to expand...


The answer to the question the op posed is Yes not No. Bank will accept it if signed on the back. It won't if its not signed.
I have seen hundreds of instances of this happen and no problem.

As to whether the op should have taken the 3rd party cheque for a car - it depends on whether they know the person or not. If they didn't then no way - draft or cash only - but thats not the question the op asked. The Op has the cheque. What he wanted to know was could he lodge it to his account and the answer is straight forward - yes if its signed on the back by the person to whom the cheque is made out and if its not crossed
 
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