Gambito wants to deposit his entire paycheck in his checking account by mailing it to the bank. To provide the best safeguard, he should use a

Question

Quizplus · Accepted Answer

A restrictive indorsement, such as "For deposit only," adds a layer of security by specifying how the check can be used, thereby reducing the risk of unauthorized cashing if the check is lost or stolen during mailing.

Gambito Wants to Deposit His Entire Paycheck in His Checking