A ________ endorsement consists of the words "for deposit only" followed by your signature and account number and is especially useful when you are depositing checks.

Question

Quizplus · Accepted Answer

A restrictive endorsement, which includes the phrase "for deposit only" followed by the endorser's signature and account number, limits the use of the check to depositing it into the account specified. This type of endorsement adds a layer of security by specifying the transaction for which the check can be used.

A ________ Endorsement Consists of the Words "For Deposit Only