Question

Why should "for deposit only" be written on a check along with the bank account number when it is endorsed?

A)It saves time at the bank if it is already written on the check.
B) Banks require that information be written on checks.
C) If the check is lost, nobody else can cash it or do anything with it.
D) It is a good reminder that the check is for deposit, not for cashing.

Answer 1

Answer:

As, you deposit a Cheque into bank account, having Written Your account number on it, it is understood that you want the money should be transferred into your bank account or you want to convert this amount into cash directly.

but,if you write , the statement "for deposit only" on the check ,having account number written on the back side of it

It helps Banker to quickly ascertain that, the person who has deposited check, doesn't want cash.The money that is Written on the check should be deposited into his or her account.

Option D:  It is a good reminder that the check is for deposit, not for cashing. as well as option

Option (B) Banks require that information be written on checks.

Answer 2

Answer:

its D

Step-by-step explanation:

i just took the quiz i was on the last question got all the other ones right and it came to this question and i chose B because i did not know what one it was because there was two answers so i chose B and got it wrong so the answer is D