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Posted by s_pickle2001 on July 5, 2008, 1:40 pm
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>
>
> > >On Jun 30, 4:23 pm, VSLA...@weizmann.ac.il (Larry Israel) wrote:
> > >> A while back I asked what to do if I forgot to sign a check to the IRS.
> I was
> > >> told that it probably would be honored anyway. That was correct. On my
> unsigned
> > >> check was stamped: Kindly Refer to
> > >> Drawerfor Signature
>
> > >If the bank noticed the missing signature, it should not have been
> > >honoured.
>
> > That's up to the bank. The account owner might be able to have it
> > bounced retroactively, but the bank is certainly allowed to pay it.
> > (Check the UCC; the relevant section reads "The bank wins.")
>
> They may even honor the check if the signature doesn't match. I once signed
> a check "Mickey Mouse" just to see if it would go through and it did.
Banks don't routinely check the signature on small value checks, it is
cheaper for them to take the occasional hit for mistakes or fraud than
to verify millions of checks each day. That's quite different from a
bank noticing the missing signature, stamping it "refer to drawer"
then still paying it. An unsigned check is not a valid instrument.
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