How should checks be endorsed when using Mobile deposit?

Sailorguy
Contributor
Contributor

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.

 

 

Login to Me Too
1 REPLY 1

MaCro
Member
Member

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.

Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.