Question

Explain the difference between a blank endorsement and a restrictive endorsement.

Answer 1

A blank endorsement is a simple signature of the endorser. There are not any restrictions. The check can be cashed or deposited. A restrictive endorsement is placing a restiction or constraint on the check.

Hope this helps.

Answer 2

A bank endorsement is a guarantee by a bank confirming that it will uphold a check or other negotiable instrument whereas restrictive endorsement places a limition on the use of a check or other negotiable financial instrument