Make bank deposits quickly and frequently

Always deposit checks and cash into the bank as soon as possible.  When you receive a check in the mail, endorse it with “for deposit only” and then run to the bank to deposit it.

Choose a bank with conveniently-located branches.

Buy an endorsement stamp that says “for deposit only” with your company name.  Keep it handy.

Take advantage of electronic transfers that eliminate paper checks altogether.

Why?

• Stolen, lost or damaged checks can be difficult to replace.  (Obviously cash is impossible to replace.)
• Get funds into your bank account as early as possible.
• Don’t give dissatisfied customers time to stop their checks.
• If a payer has insufficient funds, get paid for your check before funds run out.
• Avoid stale checks that could be refused by a bank.