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 ?
The investigations revealed that Green and his employees purchased 58 false bank endorsement stamps from a online manufacturer to aid in this scam.
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.
Yet Hilary Benn, Great Britain's International Development Secretary, notes correctly that the bank's target of spending just $440 million on renewable energy by 2010 is "disproportionately skewed toward fossil fuels." 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.
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.