How should checks be endorsed when using Mobile deposit?
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Normally, when I deposit a check, it would be endorsed with:
Company Name
For Deposit Only
Checking Account Number
What is the correct way to endorse the check for mobile deposit, since it isn't going to my checking account?
I think this information should be included on the website...if it's here, I haven't found it.
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I haven't found that information either. I'm using paypal here, and I've been guessing about how to handle the checks, but I would very much appreciate guidance from Paypal on this.
I'm guessing, but I think it should be something like:
Organization Name
For Deposit Only
Paypal account/email address
And then I think we should do something to "cancel" the check on the front and back.
I'm basing this on what Walmart does when they scan and electronically process a payment.

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