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Risks & Precautions for Endorsements & Other Negotiable Instruments

Before taking checks for deposit, there are certain things staff must know – such as whether the check is properly payable when presented, who is allowed to endorse it (especially if it is not payable to a natural person), whether the check can be deposited into the account intended, how to endorse checks with missing endorsements, etc.  This webinar will address all of the issues surrounding the institution and depositor’s liability regarding negotiable instruments.  It will cover proper payees, stop payments, the difference between cashier’s and teller’s checks, permissible check holds, liability for incomplete instruments, unauthorized signatures, forged endorsements, and everything in between.  (Categories: Frontline, Operations)   CLICK HERE TO REGISTER!