Why are checks signed backwards in the bank? - letsdiskuss
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Anonymous

Marketing Manager (Nestle) | Posted | Education


Why are checks signed backwards in the bank?


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digital marketer | Posted


While opening a check bank account, two types of check books are issued by the bank to the account holder. Hold Check Book and Order Check Book. If you have taken an order check, the signature of the person in whose name the check is issued, must also be on the back of the check. Authenticity of the person on behalf of the check issuer. So if the money is to be deposited in the account of the check issuer. So it gets done easily.



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Le Qin if that person wants to receive a cash payment in exchange for that check. The bank officials then check the signature of the first payee. For this, he sees whether the check issuer behind the check has authenticated the signature of the check taker. When you can authenticate yourself by signing the certified signature on the back of the check, in front of the officer. Only then do you get a cash payment in exchange for a check.


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