asked 182k views
5 votes
Paul just got his paycheck. He immediately wrote "for deposit only" on it along with his bank account number. Why did Paul write that?

A. Select the best answer from the choices provided.
B. It saves time at the bank if it is already written on the check.
C. Banks requires that information be written on checks.
D. If the check is lost, nobody else can cash it or do anything with it.
It is a good reminder that the check is for deposit and not cashing.

asked
User Dimitriy
by
7.1k points

1 Answer

4 votes
D if the check is lost, nobody else can cash it or do anything with it.
It is a good reminder that the check is for deposit and not cashing.
answered
User Prayag Verma
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8.0k points

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