How much does it cost to cash a 3rd party check?
First National Bank charges a $10 fee to cash third-party checks. HSBC Bank does not charge a fee for cashing checks that were issued from their bank, but will charge $3 and up for business checks. M&T Bank will take 2% of the third-party check’s value in order to cash it.
How do I sign a check over to a third party?
If you have a check that you’d like to sign over to a third party, the best thing that you can do is to write your instructions on the back of the check. Instruct the bank, credit union, or check cashing store to pay the value of the check to the order of your desired recipient.
What is a third-party check?
Or, to put it more simply a check is made payable from person A to person B. With a third-party check, the original payee signs over the check to a third person, which allows the third party to cash the check. So, person B receives a check from person A, and person B signs the check over to person C.