How to Make a Check for Yourself and Deposit It?


It is common practice to write a check to yourself and this is not illegal. You can do it from one of your personal bank accounts to deposit the amount in another account. For this, you have to fill a check as you do normally and you have to name yourself as a payee. After this, you can deposit the check in any of your financial accounts that will accept the check deposits.


Furthermore, you also have the option of making the check out to cash, although this has a risk if you lose it because anyone can cash it at your bank or deposit it in an account. But if the check is to yourself, then only you can cash it.

Thinking, can I write a check to myself? Well, have a look below to know all the details:

Waiting for Check to Get Cleared

Note that financial institutions clear the checks faster, all thanks to the Automated Clearing House or ACH, network. If the bank will process your check as an ACH transaction, then your funds will be available in one working day after the deposit. This is because the transaction will be done by the bank electronically.

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If the processing of checks is not done through ACH, then this means a paper check is sent to the bank through which the fund has to come. This might take a few days before the funds get available in an account.

Many banks will clear the deposit overnight as an act of kindness. This means that the funds will be available for you before the account you write the check from is debited. Sometimes, when your money is tight and you want to get the funds soon, then it will be tempting to write yourself a check for that anticipated funds a little bit early.

Note that the writing checks for an amount greater than the amount available in your account will technically be a check fraud unless you have deposited the amount on your way.

Checks Via Business Account

Running a small business as a sole owner, using a business entity similar to a corporation, or a limited liability company? In all cases, you can write a check to yourself from a different business account only if you have signatory authority. When an account is opened under a business name, the bank will need the name and signature of all the officers, owners, and employees who are authorized to write the checks. This means that they will have signatory authority.

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When a person has signatory authority, then a check that is made out to yourself can be easily deposited in your personal bank account similar to any other checking you are going to receive.

Checks Via Joint Accounts

Have money in your joint bank account with your spouse or another individual. This means that both the individuals are authorized to write a check to anyone including yourself. Furthermore, the financial institutions will not need the signature of both account holders to cash a check. A person can sign a check written to yourself and can deposit it in a different account even if the account is on your name.

This was all you need to know when making a check to yourself and depositing in a bank account.