How to deposit a check made out to two people

Deposit a check made out to two people

Now that tax season has officially begun, some Advantis members may receive tax refund checks from the IRS made out to two names. If you receive such a check, you can tell how to deposit it at Advantis by noting how both names are written in the "Payable To" line:

• If the names are separated by the words "or" or "and/or", or by a comma, or if each name is on a separate line, then the check can be deposited in person at an Advantis branch if it's endorsed by either individual. In this case, the check can also be endorsed by either individual and deposited via ATM or Mobile Deposit.
  
  
• If the names are only separated by the word "and", then the check must be endorsed and deposited by both individuals in person at an Advantis branch. In this case, the check can be endorsed by both individuals and deposited via ATM or Mobile Deposit into a joint account that both individuals own.
  
  

Related to this: per Federal regulations, Advantis members may not sign over state and federal government checks (including tax refunds) to a third party for cashing, deposit or payment. A member would need to deposit the check, and then either transfer funds or issue a cashier's check to the third party.