IBC Teller Training Practice Test

For a check payable to two parties with 'or' or '/', what endorsement is allowed?

Either payee may endorse, and must include T-bar or account number Both must endorse Neither can endorse Only the maker can endorse

Correct Answer:

Either payee may endorse, and must include T-bar or account number

Explanation:

When a check is payable to two parties with an “or” (or a slash), either payee can present and negotiate the check on their own. That means one person’s endorsement is enough to transfer the check’s rights to the bank for payment or deposit. To keep the instrument secure and ensure it’s deposited to the correct account, the endorsing payee should add a restrictive mark like a T-bar, or include their account number. The T-bar is a line that signals the endorsement is restricted, helping prevent unauthorized further endorsements, while the account number helps the bank route funds properly. So the best practice is that either payee may endorse, and they should include a T-bar or their account number for proper processing.

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