Writing the words "For Deposit Only" along with your checking account number on the back of a check is called a:
A) qualified endorsement
B) restricted endorsement
C) pure endorsement
D) simple endorsement

Question

Quizplus · Accepted Answer

The act of writing "For Deposit Only" along with a checking account number on the back of a check is a restricted endorsement. This means that the check can only be deposited into the account specified and cannot be cashed elsewhere. This helps prevent fraud and ensures that the funds are properly credited to the correct account.

Writing the Words "For Deposit Only" Along with Your Checking