Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network



December 17, 2014
Integrated Disclosures - An Implementation Strategy
Mary Beth Guard and Jack Holzknecht

December 18, 2014
Loan Review Best Practices for a Community Bank
Bob Fritzlan

December 19, 2014
PREPAID PRODUCTS - Understanding the CFPB Proposal
John Burnett

January 6, 2015
Business Accounts Documentation and Procedures with Beneficial Ownership
Deborah Crawford

January 6, 2015
FFIEC Cybersecurity Initiatives and Observations from the 2014 Assessments
Susan Orr

January 15, 2015
The ABC's of IRAs - The Basic Ingredients
Patrice Konarik

January 20, 2015
B & Z Appraisal Rules - Getting Them Right
Jack Holzknecht

January 21, 2015
HMDA Soup to Nuts
David Dickinson



Topic Options
#922469 - 03/13/08 04:34 PM JT TEN on checks
sstevenson Offline
New Poster

Registered: 12/13/07
Posts: 14
I have never seen the abbreviation JT TEN on a check after after the names of multiple payees. What exactly does this abbreviations stand for and does it mean that only one of the payee has to negotiate the check?

Top
BSA/AML/CIP/OFAC
#922494 - 03/13/08 04:57 PM Re: JT TEN on checks [Re: sstevenson]
Dallas Fan Offline
100 Club

Registered: 02/22/08
Posts: 218
Loc: RIC
JT TEN stands for Joint Tenants. If the check is being deposited into an account owned by both payees and they both have equal access to the account then no endorsement is required. A stamp FOR DEPOSIT will suffice.

If however, one of the payees is trying to deposit into his/her own personal account then both signatures would be required.

Top


Moderator:  Andy Z, Ken_Pegasus