NOTICE: The Finance Policies and Procedures Manual, along with the previous manual, is undergoing changes. These sites are continually updated to reflect changes in business processes. If you cannot find the information you are seeking in these policies, email for more information.
Policies and Procedures

Procedure 302.2 – Restrictively Endorsing Checks for Deposit

July 1, 1999
Last Updated
September 3, 2009
Responsible University Officer
Director of Student Accounts
Responsible Unit
Office of Student Accounts and Univ. Receivables

Procedure Statement

Check items received by the University must be endorsed with the following restriction either in writing or by stamp:

  • For Deposit Only
  • To the Account of
  • The University of North Carolina at Chapel Hill

Check items must be endorsed by the payee in order for the bank to transfer funds from the payor. The restrictive endorsement directs the bank to only deposit the funds to the University's bank account. If the payor makes a check to the University payable to an individual, the individual must endorse the check and then add the above restrictive endorsement.

This step is an important internal control and helps safeguard assets, which in this case are check items belonging to the University.

Forms and Instructions

  • None.

Related Data

State Treasurer Banking Services Handbook


September 3, 2009
October 5, 2006