BIOL 1500 : Appendix 4.docx

• School: University of Guelph
• Department: Biology
• Course: BIOL 1500
• Professor: Marie Therese Rush

Document Summary

Individual account- only one person is allowed to write cheques. Joint account has two or more owners, with any authorized person is allowed to write cheques if it is specified as an "or"" account and if its an "and"" account than both owners signatures are required on cheques. Deposit form- used for adding money to chequing account (list amounts of cash and cheques being deposited. Each cheque you deposit requires endorsement- your signature on the back of the cheque to authorize the transfer of funds into your account. Restrictive endorsement- consists of the words deposit only followed by your signature, Especially useful when you are depositing cheques by mail. Special endorsement- allows you to transfer a cheque to an organization or another person consists of words pay to the order of followed by name of organization or person and then signitrue.