Forged endorsement
Okay kiddo, let me explain what forged endorsement means. You know how you have a piggy bank to save your money in? Imagine that your piggy bank is like a bank account that you deposit money into. Now imagine that someone takes some of the money from your piggy bank without your permission. That's not okay, right?
Well, that's kind of like what happens with forged endorsement. When you get a check, it means that someone is giving you money. But if someone else takes that check and signs your name on it pretending to be you, that's called forgery. It's like someone took money out of your piggy bank without asking you.
The person who does this is usually trying to steal your money or use it for something they're not supposed to. Forging someone's signature on a check is illegal, and can get the forger in a lot of trouble.
So remember kiddo, always guard your checkbook and never let someone else sign your name on a check. That's called forged endorsement, and it's not okay.
Well, that's kind of like what happens with forged endorsement. When you get a check, it means that someone is giving you money. But if someone else takes that check and signs your name on it pretending to be you, that's called forgery. It's like someone took money out of your piggy bank without asking you.
The person who does this is usually trying to steal your money or use it for something they're not supposed to. Forging someone's signature on a check is illegal, and can get the forger in a lot of trouble.
So remember kiddo, always guard your checkbook and never let someone else sign your name on a check. That's called forged endorsement, and it's not okay.