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Mobile Deposit Endorsements—who wins?

Answered by: 

Question: 
Who wins on a mobile deposit if the check is not endorsed properly?
Answer: 

Your financial institution has to have deposited a check with a restrictive endorsement “For Mobile Deposit XYZ Institution” and the customer’s signature to ensure you win if the check is deposited multiple times.

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Learn more about Deborah Crawford’s Teller Compliance Issues: CTRs, Reg CC, UCC 3 & 4, and BSA webinar.

First published on 10/09/2022

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