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Can a minor (age 5) endorse a check and receive cash?
by John Burnett, BOL Guru

Question: Is it legal for a customer to make out a check to a minor (age 5) and then request the the bank on which the check is drawn to allow the minor to endorse the check and receive cash?

Answer: There's certainly nothing illegal about it. If the drawer is your customer and verifies that the short person in front of you is the payee on the check, I don't think you have any risk in humoring this customer and honoring the request. Of course, I assume the checks isn't for a significant amount (to you or me).

Perhaps this is an early childhood lesson in banking? If so, perhaps you should check the child's name on OFAC?

First published on 3/17/03

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