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#1580305 - 07/20/11 03:12 PM check cashing
CJW Offline
New Poster
Joined: Jul 2011
Posts: 2
If a check is made out to two individuals with "and" between names but has JTWRS behind their names, do both individuals need to endorse to cash this check?

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#1580327 - 07/20/11 03:22 PM Re: check cashing CJW
Bob The Banker Offline
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Bob The Banker
Joined: May 2010
Posts: 958
All JTWRS means is Joint Owners With Rights of Survivorship, so if one of the people died, the other could bring in a death certificate, sign just him, and claim the funds.

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#1580338 - 07/20/11 03:31 PM Re: check cashing Bob The Banker
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
I would interpret "and" as requiring both signatures or deposit to a joint account of those persons (where they have appointed one another as agent under the account agreement).
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