To endorse the check, you'll just have to flip it over and sign the line with the x to the left of it. This line will be found at the top of the check, and you'll sign it sideways. Do this right before you go to the ATM or the bank, so that your check cannot be cashed if you lose it. If you don't endorse the check, that makes it harder for the bank to accept it from a person who wants to cash it for ulterior motives.
FDIC insured means that the government will give you your money back (up to $100,000) in case your bank goes out of business and can't pay you. If you have more than $100,000 to put into savings, try spreading it out over several FDIC banks with no more than $100,000 in each account.
The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a cover â¦ ed loss.he wife is the assured, and the husband the insured. The wife is the owner of the policy but she is not the insured. In property insurance, like fire insurance, the insure is also the assured where the proceeds are payable to him. Assured is also used sometimes as a synonym of beneficiary..