2 signatories

PoGee

I've received a cheque from a business that has 2 lines for 2 'authorised signatories' but only one signature has been put on the cheque. Can I still deposit it or will the bank reject it?

Flugelhorn

it may be that there is a limit below which only one signature is needed - deposit it and see what happens

PoGee

It's for £900. I'll call the bank 1st to save a wasted journey. 

Flugelhorn

PoGee said:

It's for £900. I'll call the bank 1st to save a wasted journey. 

have you got phone banking? I would just pay in via the app which would save a journey - maybe the limit is £1000 - the only people who will know are the bank of the people who sent the cheque, your bank won't know and the other bank may not tell you 

retiredbanker1

PoGee said:

It's for £900. I'll call the bank 1st to save a wasted journey. 

Your bank won't know so calling them would be a waste of time.
The bank whom the cheque is drawn on will not speak to you as you have no right to know who signs the cheque.

Why not just take a photo of the cheque in your banking app and deposit it like that?

badmemory

If it is a journey with parking fees why not just pay in at the local post office.  If it is a decent business it is unlikely they will make a mistake like that, they don't need you to get on social media etc and bad mouth them.  A company I worked for the other signature was only required for cheques etc over £40k.

PoGee

Thanks for replies. I've popped it into the bank. Bank didn't think there would be an issue.