- It can save you time from having to hand endorse every check
- Using a deposit stamp with appropriate account information can also save hassles for businesses and people with more than one account
- An endorsement stamp can help stop preventable loss
Studies show that 7% of all annual business revenue is lost due to theft and fraud, with 45% of that being from employees. All business should have a fraud avoidance plan in place and a key part of that is using a "for deposit only" stamp on all incoming checks to prevent employees from cashing them.