Nick:

I was surprised when I read your statement: "...the check was unfortunately made payable to my business and not me personally. The check can only be deposited."

Are you really sure that this applies to "returned checks"? In the mid 80's I worked in retail, where bad checks were too routine. I frequently took checks stamped "return", with my stores "for deposit only" stamp on the back, and redeemed them at the check writers bank. In the late 80's to mid 90's I worked in lending and collections. When I discovered that a returned check was good, I frequently sent one of my employees to redeem it at the bank it was drawn, again with my companies "for deposit only" stamp on the back.

Since becoming a home inspector (1994) I have only had two returned checks. I can remember that at least one of them was drawn on a local bank, where I presented it in person, and the bank cashed it. Again it was marked "for depsosit only" in my companies account.

I have never had a problem getting a returned check redeemed if the money was in the account.

Travis