What Is a Bank Endorsement?

Cheques are limited to endorsement transfers within its clearing area. If the check issuer issues a check to a payee outside the specified area, and the endorser transfers the note to an endee outside the specified area, the bank outside the area will not accept it, but the drawer and endorser shall still bear the liability of the note . The endorsement of the negotiable instrument shall be continuous. The holder has proved the rights of the bill by continuity of endorsement. Those who obtain the bill in any other legal way without endorsement transfer shall provide evidence in accordance with the law to prove their rights in the bill.

Endorsement of transfer check

Endorsement continuous refers to the first endorsement transfer of the instrument

If the issuer of the note records the word "not transferable" on the front of the note, the note is not transferable; if the transferor endorses the transfer directly, the issuer will not bear the responsibility of guarantee to the endorsed directly and prompts the endorsed Payment or entrusted receipts will not be accepted by the bank. If the endorser of the instrument records the word "not transferable" in the endorser column on the back of the note, and the transfer is endorsed later, the endorser who records the word "non-transferable" shall not bear the guarantee responsibility for the endorsed person.

Endorsements must not be accompanied by conditions. If the endorsement is accompanied by conditions, the conditions attached shall not have the effect on the bill.

No unit or individual may freeze the bills for the bills transferred in accordance with the law. Except as otherwise provided by law.

If the issuer's signature on the bill does not comply with the "Bill Law", "Implementation Measures for Bill Management" and "Payment and Settlement Measures", the bill is invalid; the signature of the acceptor and guarantor on the bill does not comply with the "Bill Law" In accordance with the "Implementation Measures for the Management of Bills" and "Measures for Payment and Settlement", their signatures are invalid, but they will not affect the effectiveness of other signatures that comply with the regulations; the signatures of endorsers on the bills are not in compliance with the "Bill Law", In accordance with the "Implementation Measures" and "Payment and Settlement Measures", their signatures are invalid, but this does not affect the effectiveness of their previous signatures.