Third-party checks: Are accepted at U.S. Bank branches if the last endorser holds a deposit account with U.S Bank. If the third-party check is accepted, both parties must endorse it. If the third-party check isn't honored, funds are collected by charging the amount back to the account of the last endorser.
A bank sets its own policy whether to accept or reject third-party checks and is not legally required to accept them. For instance, if the bank accepts the check, the bank can require the payee to be present to verify the signature.
BMO Harris Bank: BMO Harris Bank is known to accept third-party checks, but like others, they may require both parties to be present for verification.
Provisional Credit and Availability of Funds. Upon acceptance of the Image File, we shall grant your Account Provisional Credit (as herein defined) for the total amount of the Image File.
A cheque can be cashed by someone other than the person named on the front of the cheque if they counter-sign it.