Don't panic if the check contains a minor error, such as using a nickname rather than your full name. Subject: Endorsing/Cashing a check written to a minor child Category: Business and Money > Finance Asked by: 010-ga List Price: $2.00: Posted: 17 Nov 2003 07:01 PST Expires: 17 Dec 2003 07:01 PST Question ID: 276709 It’s important to stay in control of your emotions. Write the correction above the mistake neatly. No, a contract signed by a minor is not valid. Checks made out to either individual using the word “or” can be cashed by either person. They can learn how to save money for a big purchase. One nasty letter and returned check later, no health coverage. My son had his first savings account when he was about 4 or 5 years old. We got a check made out to our daughter before she was born. I had ran out of money on my bank account so paypal was very nice of supporting me with the fund to STILL being able to check out some items. As an alternative to cashing the check, parents can open up a bank account for their minor child or open a joint bank account. You can make this fact known by writing "p.p." But if the minor is emancipated and the court awarded them adult status, then … For example, the check might be made payable to a retirement account custodian for a rollover transaction. You could also cash the check at the bank listed on the check. Will the banks allow me, his legal guardian, to cash/deposit this check. Many banks allow minors to set up bank accounts, but require a parent to be a cosigner on the account. The custodian may simply be endorsing the check over to the minor … I just sold it and the check was made out to me as trustee. The first option is pretty easy. Sign your name under the minor’s name and print, “mother”, “father” or “guardian” next to or under your signature. If you're attempting to endorse a child's check or bond or open a new account, it's best to call the bank ahead of time so you don't go home frustrated. If your name is Susan but your aunt writes you a birthday check made out to "Susie," that is unlikely to cause any issue at the bank. Helping a child deposit or cash funds when they get a generous gift from a friend or family member opens up many teaching opportunities and isn't a difficult task to complete. Cross out the mistake and write the correction on the check. I was told that this is basically the last time they will cash the checks unless I open an account. The wording on these types of checks is important, and it dictates how to handle the check. Endorsing Checks. I received a check made out to "Guarantor of __ (my child's name)" from Minute Clinic due to an overpayment for a visit for my child. Asked on September 21, 2011 under Estate Planning, Arizona . I just got back from the bank and dealt with the hassle. BankingQuestions indicates other banks may require the parent to deposit the check into an account instead of cashing it. Follow-up actions might include ongoing supervision by the Department of Social Services, services for the whole family, as well as for the abused child, including counseling and … Certified copies of passport records may be requested. Next, the parent will have the opportunity to review the details before tapping the "Make Deposit" button. So see, you don’t have to stress and worry about how to cash a check for a minor. TD Bank: Does a Minor Have to Accompany You to Open a Joint Account. Have the child open an account. For the sake of others reading your question and this response, "FBO" is the abbreviation of "For the Benefit Of", a term used in the payee line of a check when the first name that appears is some form of trustee or executor for the second name. How to endorse the check. 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