Personal Finance & Money Asked by deeptowncitizen on September 5, 2021
I want to send a gift – named check. The issuer is a US resident, sending from the US. The minor is a US non-resident, located in the US.
Can I go to the bank, issue the check with the kid’s name on that check, so that kid will grab parents, go to the bank and get the cash?
The child should be able to countersign the check, and a parent* deposits it in the parent's account.
Because it takes a couple of business days for the check to "clear" (be acknowledged by the other bank, and money transferred), the parent would then have to withdraw that much money from their own account and give it to the child.
If someone gave my child (referred to as Alice) a check like this, I'd treat it as a learning experience, and go with Alice to the bank and have her countersign the check in front of the teller.
* Actually, anybody; a countersigned check is almost as good as cash. All that's stopping a thief from stealing a check, forging a signature and depositing it in their own account is a teller verifying the countersigned signature.
Correct answer by RonJohn on September 5, 2021
A child's parent can deposit or cash a check received by the child. To endorse the check, the parent signs his/her own name, then prints the explanation (Father) or (Mother) next to the signature.
Answered by Orange Coast- reinstate Monica on September 5, 2021
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