text: cashing a cashier check payable to my company? i closed the bank accounts of my company because i couldn't maintain the minimum balance and the bank kept charging me service fees. now the bank sent me a cashier check, payable to my company, for the remaining balance. i tried to endorse the check to pay my vender bill but they said they can't deposit it because it pays to my company.  now i wonder how i can cash the check if i can't endorse it to a 3rd party. obviously i don't want to open another account just to cash the check because i won't be able to maintain the minimum balance.  what options do i have?  thanks! this is a sticky situation for banks because they are never sure if the person that is presenting the check is the "owner".  as a business owner, you know that there are several type of business organizations.  if your company is a corporation then all of its shareholders could be entitled to that money.    if i were you, i would bring the check back to the branch that issued it and ask them to cash it. this promises to be a huge hassle for you.