Slim Pre-Inked Narrow For Deposit Only Stamp (2024)

FAQs

What does for deposit only stamp mean? ›

If you write “for deposit only” on the back of a check made out to you and then sign your name, the check can only be deposited in your account. This is called a “restrictive indorsem*nt,” and it should prevent you or any other person from cashing the check.

For self-inking stamps, remove the ink pad from the stamp and add a few drops of ink before placing the pad back into the stamp. For pre-inked stamps, remove the ink pad, add a few drops of ink, and then place the pad back into the stamp.

Pre-inked stamps have an internal ink well that regularly saturates an impression pad to provide extremely clear and precise impressions. In contrast to self-inking stamps, these inks are often oil-based. These stamps last for 50,000 impressions and refill easily.

The name in the endorsem*nt must match the payee (“Pay to the Order Of…”) name on the front of the check.

Writing For Deposit Only in the endorsem*nt box above your signature is called a restrictive endorsem*nt. This is a more secure way to endorse checks since it ensures that the check can only be deposited into an account bearing the payee's name. You also cannot cash the check or take a portion of the amount in cash.

The safer and correct thing to do is to write “For deposit only to the account of ####-#####” where the number of the account is inserted into the endorsem*nt. Then, if made payable to a person, it should also be signed in the name of that person.

Restrictive endorsem*nt.

This type of endorsem*nt includes your signature and the words, "for deposit only." A check endorsed this way can be deposited into a bank account but not cashed. If you write "for deposit only" and include a bank account number, the check can be deposited only into that account.

Pre-inked stamps, on the other hand, have a built-in ink cartridge that is already pre-filled with ink before they are used. These stamps do not have a built-in ink pad that needs to be re-inked each time, but rather the rubber die is always inked and ready for use.

A Custom Pre-Inked Stamp is a type of stamp that has a reservoir of oil-based ink built directly into the rubber dye, which means that it does not require a separate ink pad like a self-inking stamp.

A special endorsem*nt allows you to make your business check payable to someone else. On the back of the check, you would write “Pay to the order of Jane Doe” and then sign it. This effectively turns the check ownership over to that person or entity. However, banks don't usually recommend that you go this route.

Can a check be endorsed with a stamp? ›

Yes, you can generally sign your checks with signature stamps, but this convenience does not come without precautions. Individuals should update bank records to legitimize stamps, while tightly restricting access to prevent misuse.

Explanation: A blank endorsem*nt is your signature only and is like cash. Anyone who holds the check can present it for payment at a bank or credit union. Therefore, a blank endorsem*nt should not be used unless you are in the financial institution when you endorse the check.

Restrictive endorsem*nt.

This type of endorsem*nt includes your signature and the words, "for deposit only." A check endorsed this way can be deposited into a bank account but not cashed. If you write "for deposit only" and include a bank account number, the check can be deposited only into that account.

Instead of a signature and handwritten instructions, you can use a stamp to endorse a check in the endorsem*nt area. The stamp should include the name of your business and bank, and can also include your account number and instructions such as "For deposit only."

The Importance of Bank Stamps

This endorsem*nt is essential for ensuring that deposits are properly handled and credited. Bank stamps also help prevent unauthorized individuals from cashing or depositing your checks.

A posted transaction is a completed transaction that has been fully processed and appears on your account statement.