What Does "Endorsement Cancelled" Mean?
Answer by John Burnett, BOL Guru Guru BIOS
Question: We received a check back as a return stamped "endorsement cancelled". What that mean? Is it the same as a stop payment?
Answer: No. Not at all. It's a holdover from ancient banking practice (ten years ago?). The bank that endorsed the item on the way to the payor bank is notifying the world that they don't want their endorsement to be used against them if the check bounces later.
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