Banks That Accept Third-Party Checks: An In-Depth Guide

When it comes to handling finances, convenience is king. For many people, this means being able to deposit and cash third-party checks. Third-party checks are those made out to someone who is not the original payee, but rather another person or entity designated by the original payee. However, many banks have policies in place that restrict or prohibit the acceptance of third-party checks. In this guide, we will explore which banks accept third-party checks and what you need to know about depositing them.

Banks That Accept Third-Party Checks: An In-Depth Guide

Why Do Some Banks Restrict or Prohibit Third-Party Check Deposits?

To understand why some banks have strict policies on accepting third-party checks, it helps to know a little bit about how they work. Essentially, when a bank cashes or deposits a check made out to someone other than the account holder, they are taking on a greater risk. If the check turns out to be fraudulent or bounce because of insufficient funds, the bank could be left holding the bag.

For this reason, some banks choose not to accept third-party checks at all. Others have policies in place that require additional verification or documentation before allowing these types of deposits. It’s important to note that different banks may have different rules and regulations regarding third-party check deposits.

Which Banks Accept Third-Party Checks?

If you need to deposit a third-party check and your current bank has restrictions in place, there are still several options available including:

1. Large National Banks

Many large national banks allow for third-party check deposits as long as certain criteria are met. For example:

  • Bank of America: According to their website, Bank of America does accept third-party checks provided proper identification is presented and certain conditions are met.
  • Wells Fargo: Wells Fargo allows for third-party check deposits if all parties endorsing the check are present and provide valid identification.
  • JPMorgan Chase: Chase bank permits third-party check deposits if both parties are present and provide valid identification.

It’s important to note that policies are subject to change, so it’s always best to contact the specific bank in question to ensure their current policy.

2. Credit Unions

Credit unions often have more lenient policies when it comes to third-party check deposits. This is because credit unions tend to be smaller and more community-oriented than large national banks. Some examples of credit unions that accept third-party checks include:

  • Alliant Credit Union
  • Navy Federal Credit Union
  • SchoolsFirst Federal Credit Union

Like with large national banks, it’s a good idea to contact the credit union directly for their current policy on third-party check deposits.

3. Check-Cashing Stores

Check-cashing stores can be a convenient option if you need to deposit a third-party check quickly but do not have an account at a traditional bank or credit union. While check-cashing stores typically charge a fee for their services, they do not usually have restrictions on accepting third-party checks.

It’s important to note that check-cashing stores may charge higher fees and may not offer all of the same services as traditional banks or credit unions. Additionally, some states regulate or restrict the operations of check-cashing stores, so be sure to research your local laws before using this option.

Tips for Depositing Third-Party Checks

No matter which institution you choose to deposit your third-party checks through, there are some tips you should keep in mind:

  1. Ensure Proper Endorsement: Make sure that the original payee endorses the back of the check and includes language designating you as the intended recipient (e.g., "Payable to [Your Name]").
  2. Have Valid ID: Bring two forms of valid identification with you when depositing your check.
  3. Know the Bank’s Policy: Familiarize yourself with the bank or credit union’s policies on third-party check deposits ahead of time to ensure that you have all necessary documentation.
  4. Be Prepared for Hold Times: In some cases, third-party check deposits may be subject to longer hold times than traditional deposits. Be sure to ask your bank or credit union about their specific policy regarding holds.


In conclusion, while third-party checks can present additional risks for banks and financial institutions, there are still many options available if you need to deposit one. By understanding the policies of different banks and credit unions, following proper endorsement and identification procedures, and being prepared for potential hold times, you can successfully deposit your third-party checks with minimal hassle.


Which banks allow third-party checks?

Various banks accept third-party checks, including Chase Bank, Bank of America, Wells Fargo, and so on. Most major banks offer this service to their customers.

Will I need to provide identification when depositing a third-party check?

Yes. All banks require proper identification from the person depositing a third-party check to prevent fraud or identity theft.

Can I cash a third-party check at any bank?

No. You can only cash a third-party check at the bank where the account holder has an active account or if you have an account at that financial institution.

Can someone else endorse my check and deposit it into their own account?

Technically yes, but only if both parties agree to it and it’s legal for the endorser to do so. However, this practice is generally discouraged since it increases the risk of fraud.

Are there any fees associated with depositing a third-party check?

It depends on the bank’s policies and your account type. Some banks may charge fees for processing such checks while others may allow it without any additional charges.

What should I do if my bank doesn’t accept third-party checks?

You can explore other options such as opening an account with a different bank or asking the issuer of the check to issue it directly in your name instead of making it payable to someone else.

Can I deposit a foreign currency third-party check into my US bank account?

It depends on your bank’s policies regarding foreign currency deposits. Some banks may accept foreign currency checks while others may require them to be converted to USD first or not accept them altogether.

Is there a limit to the amount of money I can receive via a third-party check?

There is no specific limit, but banks maintain the right to refuse any transaction that they consider suspicious or fraudulent.

Can I write a third-party check to myself?

No. Third-party checks are explicitly written for someone else, and writing it to yourself would be considered against the rules and could lead to rejection by the bank.

What should I do if my third-party check bounces?

Contact the person who issued the check and ask them to remedy the situation either by providing a new check or paying you directly. If necessary, legal action can be taken as well.

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