When depositing a check using your phone, some banks require specific wording indicating that the transaction is a mobile deposit. Others also require you to include the name of the financial institution receiving the check. For example, PNC Bank requires customers to write For PNC Mobile Deposit Only in the endorsement box above their signature., What does financial institution mean on a check? The definition of a financial institution typically describes an establishment that completes and facilitates monetary transactions, such as loans, mortgages, and deposits ., Some banks are also suggesting you add "For Mobile Deposit Only at (Bank Name)" or "For (BANK NAME) Mobile Deposit Only." This new endorsement requirement, instituted by the Federal Reserve , Write “pay to the order of…” and name the person/institution who will receive the money. Next, sign your name below as it appears in the signature on the face of the check., Also visible on the front of your check is your bank’s name and logo. This indicates the financial institution that issued your checks and where the money in question will be withdrawn from. 8: Memo line. In the bottom left corner of your check, there is a line where you can specify your check’s purpose — such as Wi-Fi bill, plumbing fee , A check tells a financial institution – such as a bank, credit union or a business offering check-cashing services – specifically how much money is supposed to be given to another. Checks .