What is a blank endorsement?

A blank endorsement on a check is one where the payee of the check signs their name on the back of the check, but does not specify a particular person or entity to whom the check should be paid. This means that the check can be deposited or cashed by anyone who possesses it. Blank endorsements are typically used when the payee intends to deposit the check into their personal account. However, the risk associated with blank endorsements is that if the check is lost or stolen, anyone who finds or steals it can cash or deposit it. It is therefore important to take precautions when using a blank endorsement. Some examples of precautions include writing "For Deposit Only" on the back of the check and only endorsing the check in the presence of a teller or bank representative.