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Endorsing the back of checks
Posted: Sat Apr 16, 2011 10:15 am
by andrewgking
We have a new unit in our stake. To proplery endorse a check what do you recomend we put on a stamp?
FOR DEPOSIT ONLY
UNIT NAME AND #
DEPOSIT BANK AND ACCOUNT #
CORPORATION OF THE PRESIDENT
Andrew
Posted: Sat Apr 16, 2011 12:21 pm
by aebrown
andrewgking wrote:We have a new unit in our stake. To proplery endorse a check what do you recomend we put on a stamp?
If your unit is on Deposit Concentration, then you should get the stamp from Church headquarters.
EDIT: I guess everyone uses a stamp from CHQ, even if not in deposit concentration.
Posted: Sat Apr 16, 2011 1:23 pm
by lajackson
andrewgking wrote:We have a new unit in our stake. To proplery endorse a check what do you recomend we put on a stamp?
You should use the stamp that you will receive from the Finance Department. In the United States, even if you do not have deposit concentration, you will still receive a stamp from the Church that you will use to follow the deposit instructions you will also receive from Church Headquarters.
In our stake, we have several units in small cities that do not have a bank that participates in deposit concentration. They used to have local bank accounts that were used for deposit only and from which the Church would then transfer out the deposit.
Several years ago, the Finance Department closed all of the local accounts and provided specific materials to each of the units that they now use to submit their deposits to the Church.