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Hoots : Any restrictions on signing a check over to a third party? In the US : Can I endorse a payout check from an IRA (from a well known institution) to another person? The check will be large, over ,000. He would deposit it - freshhoot.com

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Any restrictions on signing a check over to a third party?
In the US : Can I endorse a payout check from an IRA (from a well known institution) to another person? The check will be large, over ,000. He would deposit it in his bank.


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In my limited experience, bank tellers are very cautious these days because check fraud is so common. They are especially cautious when the dollar amounts get up to multiple thousands. I don’t know the circumstances that lead you to ask this question, but everyone might have a much easier time if you simply go to your own bank first and convert it to a cashiers check in the name of your recipient.


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