Posted by JoeS (FL) on October 03, 2003 at 09:44:46:
Several ways to handle this:
Have an account set up DIFFERENT from your main operating account. As you check for the payments online, transfer the funds to the main account. Use a “plain jane” savings account that allows you to transfer funds to your main account. Most of these type savings accounts are free. Might have to keep a minimum balance, but it is usually very low.
Some deposit slips do have a signature line for withdrawls at time of deposit, but you have to also sign the back of the slip as it were a check. Most banks ask for positive ID with this type of transaction versus no ID required for just making a deposit. Banks are usually pretty good about checking IDs on withdrawl transactions. Afterall, they can be held responsible for the funds if THEY make a mistake.
Have this account require DUAL signatures for any type of withdrawls. This second signature can be anybodys. Wife, Mother, Father, employee, etc. You will never need to them to sign because you’ll be doing all your transfering via online to your main account. Just order plain deposit slips with NO signature lines for withdrawls.
Hope this helps.