Ellen Bernstein wrote a cheque to Franz Dopier for $500,000 and was nervous that the cheque might get stolen and someone else may try to cash the cheque. Ellen should

Name: Ellen Bernstein wrote a cheque to Franz Dopier for $500,000 and was nervous that the cheque might get stolen and someone else may try to cash the cheque. Ellen should
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Writing "for deposit only" on the cheque restricts it to being deposited into the account of the payee, reducing the risk of theft and unauthorized cashing.

Ellen Bernstein Wrote a Cheque to Franz Dopier for $500,000