[Jimmy Stang]

Even though I worked at a cheque remittance centre while in high school, I'm not sure of the regulations regarding endorsing a business cheque to an individual.

Here's the scenario: I have a small business on the side that occasionally receives a cheque for payment, although more often than not, I am encouraging email money transfers simply out of convenience. This business has a legal name and a business account at TD. I haven't written a business cheque in years.

I do all of my personal daily banking at places like President's Choice and ING Direct because I have no use for a branch. I quite enjoy not having to pay fees and online and ATM banking fits perfectly with my style. They do not offer business accounts, however. The only thing that I seem to gain from my TD account is the ability to cash cheques made out to my business name, although this may be possible in a personal account if the cheque is endorsed over by the business (me) to the individual (also me).

Cut to the chase: Could I theoretically receive a cheque made out to "ACME Widget Company" and endorse it over to me personally and deposit it into an account that's technically a personal one being used for my business? What would that endorsement have to say? Could I theoretically cut my ties (and fees) with TD?

Go ahead and call me cheap, but for the amount of banking I actually do, I'm paying too much in fees.