FBO on a check stands for the term 'for the benefit of' used by third parties or when dealing with minors . The check must be endorsed on the second line following for deposit only in the first endorsement line.
FBO stands for â??for the benefit of.â?? FBO checks have a final beneficiary who is different than the person that is noted on the â??pay to the order ofâ?? line on the check.
NO
For Bank Only
(In reference to) A check is issued in my name then FBO my mother's name. She passed a few years back. For Benefit of , when is written in a check, meaning that the check final beneficiary is someone else.
From Wells Fargo site: If your employer sends you a check, make sure it is made payable to Wells Fargo Advantage Funds FBO John Smith. Forward the check to us and reference your account number or Social Security number. You should not endorse this check.
The check is not for the guardian. The check is for the benefit of the minor and must be used for that. They can be held accountable to the court.
You can`t do anything with it, other than take it to the bank it is made out to and deposit it.
That abbreviation in law stands for the phrase "for the benefit of".
"For the benefit of", also abbreviated "F/B/O". For Benefit of , when is written in a check, meaning that the check final beneficiary is someone else.
Fixed base operator
For Benefit Of
for the benefit of