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Does CMMB accept endorsed cheques not in the name of the investor?

April 26, 2017cheques cmmb endorsed investor

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Does CMMB accept endorsed cheques not in the name of the investor?

1 Answer

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No. This is primarily a safety measure given that we cannot verify whether the cheque was truly paid over to the investor by the payee as there is no way of verifying the signature of the payee.