Bank Endorsement

Bank Endorsement

A stamp or other authorization made by a bank on the back of a check (as proof that payment is owed) when it presents the check to the writer's bank for collection. Most checks require a bank endorsement if they go between two different banks. See also: Endorsement.
References in periodicals archive ?
for each claim handled and/or bank endorsement renewed.
The rush of endorsements that came his way, like the ICICI Bank endorsement deal for Rs 10 crore, helped Big B pay back creditors and clean up ABCL's balance sheet.
Worse, a World Bank endorsement of any fossil fuel project can lead to millions in investments from the private sector.
The Board's proposed amendments: (1) set forth the requirements of the Check 21 Act that apply to banks; (2) provide a model disclosure and model notices relating to substitute checks; and (3) set forth bank endorsement and identification requirements for substitute checks.
It also covers the market trends and outlook, World Bank endorsement of farm loans, new laws to deter monopoly market, wheat flour tariff relief, deterioration of agriculture research, export infrastructure and infrastructure and investment policy.
The Board's amendments: (1) set forth the requirements of the Check 21 Act that apply to banks; (2) provide a model disclosure and model notices relating to substitute checks; and (3) set forth bank endorsement and identification requirements for substitute checks.
0 determines the presence and usability of selected check image fields -- such as date, payee, convenience amount, legal amount, signature, MICR line, payor name and address, memo line, payor bank name and address, payee endorsement, bank of first deposit endorsement and subsequent bank endorsement.
Robin McCall as Group Chief Executive Officer following the Board of Directors and Qatar Central Bank endorsements.