Signing Over a Check

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When signing over a check, endorse the check on the back, and write "FBO" underneath the signature, followed by the name of the recipient in print. Discover why some companies don't accept third-party checks with help from a registered financial consultant in this free video on money management and financial advice.

Part of the Video Series: Money Management
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Video Transcript

This is financial adviser, Patrick Munro, talking about how to sign over a check in today's busy economic life. Many businesses and individuals sometimes will find themselves with a check, and a, and wanting to transfer that to another company to pay for goods and services. There are many companies that do not accept third party checks, as they're known as. But others do and there are rules for signing over these checks. Most notably, when you receive a check, and it's made out to you, but you wish to sign it over to another individual, you must turn the check over and endorse it on the back with your signature. The signature line has three lines to it, and very carefully, underneath, you put the following: FBO. F stands for the benefit of, and then put a colon. Then you can print in the name of who you want that check to be made out to. Signing over the check is what you have just done. When that individual presents the check to their bank, they are required to sign as well as you. That is a successful way of signing over a check, and this is financial adviser, Patrick Munro.

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