Banking » Guides » How To Deposit A Check With Two Names?
Advertiser Disclosure This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval. This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

How To Deposit A Check With Two Names?

While it's possible to deposit a check with two names on it, if it's designated with “and” and not "or", both parties must endorse the check.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: January 1, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: January 1, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Table Of Content

Can You Deposit A Check With Two Names?

Yes, you can deposit a check with two names on it. The process for depositing such a check, also known as a joint check, will depend on the type of account you have and how the check is written.

When you deposit a check with two names on it, it can be designated as either an “and” or “or” account. An “and” account means that both parties must endorse the check for it to be deposited, while an “or” account means that either party can endorse the check and deposit it.

Why “And” Instead Of “Or” Makes It More Complicated?

When a check is designated as an “and” account, both parties must endorse the check before it can be deposited. This can be more complicated because both parties need to be available to sign the check. For example, if one party is out of town or unable to endorse the check for any reason, it can delay the deposit process.

On the other hand, when a check is designated as an “or” account, either party can endorse the check and deposit it. This can be more convenient because it allows either party to deposit the check without requiring the other party's signature.

However, it can also create potential issues with trust and control over the funds, as either party can access the funds without the other's permission.

Can I Deposit A Joint Check To My Account?

Banks may accept checks with two names on them even if there is no joint account between the parties named on the check. However, the bank's policies and procedures may vary, and it ultimately depends on how the check is written and endorsed.

If the check is written with the word “or” between the two names, either party can endorse and deposit the check into their individual account. However, if the check is written with the word “and” between the two names, both parties must endorse the check before it can be deposited, regardless of whether they have a joint account or not.

If you're depositing a joint check into an account that is not jointly owned, you may need to get permission from the other account holder before depositing the check.

Additionally, if you're depositing a joint check into a business account, there may be additional requirements or paperwork needed.

Deposit A Check With Two Names
The most important thing: does your check designated with "and" or "or" on the "Pay to the Order Of" line. (Photo by jwohlfeil/Shutterstock)

In Which Cases The Bank Won't Accept Your Check?

There are several reasons why a bank may not accept your check. Some of the most common reasons include:

  • Insufficient funds: If you do not have enough money in your account to cover the amount of the check, the bank may not accept it.

  • Stale-dated check: If a check is dated more than six months ago, the bank may not accept it.

  • Post-dated check: If a check is dated for a future date, the bank may not accept it until that date arrives.

  • Alterations or discrepancies: If there are any alterations or discrepancies on the check, such as changes to the amount or payee, the bank may not accept it.

  • Check is not signed: If the check is not signed by the account holder, the bank may not accept it.

  • Account on hold: If there are any holds or restrictions on the account, such as a freeze or a garnishment order, the bank may not accept the check.

  • Invalid or missing payee: If the payee's name is invalid or missing, the bank may not accept the check.

It's important to make sure that your checks are properly filled out and endorsed before presenting them to the bank for deposit or cashing.

How To Deposit Or Cash A Check With Two Names?

To deposit or cash a check with two names on it, also known as a joint check or two-party check, you will need to follow these steps:

  1. Endorse the check: As we explained above, if the check is written with the word “or” between the two names, either party can endorse and deposit the check into their individual account. If the check is written with the word “and” between the two names, both parties must endorse the check before it can be deposited. This means that both parties will need to sign the back of the check.

  2. Bring the check to your bank (or check cashing location): If you can't do it through your bank mobile app, you'll need to bring the check, along with your identification and any necessary account information, to your bank or credit union. Depending on the bank's policies, they may require both parties to be present or to have a joint account in order to deposit the check. Note that check-cashing locations typically charge a fee for their services.

  3. Fill out a deposit slip: If you're depositing the check into an account that is not jointly owned, you will need to fill out a deposit slip with your account information and the amount of the deposit.

  4. Hand over the check and deposit slip: Give the check and deposit slip to the teller, and they will process the deposit for you. Alternatively, you can consider doing it through ATM. If you're using a check-cashing location, you will need to pay any fees associated with cashing the check.

The process for depositing a two party check can vary depending on the specific circumstances and the bank's policies.

Can I Deposit It on Mobile or ATM?

It depends on the policies of your bank or credit union, but in most cases it's possible.

Most financial institutions, such as Chase, Bank Of America, and Citi may allow you to deposit joint checks through their mobile banking app or their ATMs. However, they may require both parties to have an account. 

Writing Checks to Multiple People: Things To Keep In Mind

If you're writing a check to multiple people, there are a few things you should keep in mind:

  • Write the names correctly: Make sure you write the names of all the recipients correctly on the “Pay to the Order Of” line. If you're unsure how to spell someone's name, ask them for clarification.

  • Use the correct conjunction: The conjunction you use when writing the names on the “Pay to the Order Of” line is important. If you write “and” between the names, both parties will need to endorse the check before it can be cashed or deposited. If you write “or” between the names, either party can cash or deposit the check.

  • Keep a record: Keep a record of the check, including the check number, the date, and the amount. This will help you keep track of your expenses and can be helpful in case of any disputes.

Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Search
Banking Reviews
Best Banking Accounts
Savings Accounts
Top Offers From Our Partners

UpgradeLogo

Savings Rate: 5.07% APY
Minimum Deposit:
$0
 
CIT-Bank-Logo
Savings Rate: 5.05% APY
Minimum Deposit:
$5,000
Quontic bank logo
Savings Rate: 4.50% APY
Minimum Deposit:
$100
 
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 4/17/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you’ll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Table of Contents