Eligible Colorado taxpayers are beginning to receive—or have received—a Taxpayer Bill of Rights (TABOR) refund check in the amount of $750 for single filers and $1,500 for joint filers.

Some of these checks are made out to multiple payees who are not joint parties on a FirstBank account. These are commonly referred to as “multiple-party” checks, and they require some additional steps before they can be cashed or deposited.

        MULTIPLE-PARTY CHECK EXAMPLE: FirstBank customer, Jane Smith, receives a TABOR check payable to her and her husband, John Smith. She attempts to deposit this check into her sole account. This is a “multiple-party” check and cannot be processed without further verification.

FirstBank cannot cash or deposit multiple-party checks without proper verification of identification and endorsement. As our goal is to process your checks in a timely fashion, we’ve outlined some key information and requirements below.

Can I Cash/Deposit Multiple-Party Checks Through the Mobile Banking App?

Sometimes, only if all of the payees on the check are on the account. Otherwise you must visit a FirstBank branch. Attempting to make an ATM deposit of a multiple-party check will result in delays if any payee from the check is not on the account. Similarly, if any payee from the check is not on the account, it cannot be deposited through the Mobile Banking App.

Instead, please visit your local FirstBank to cash or deposit these checks.

Can Non-Customers Cash/Deposit a TABOR Check at FirstBank?

No. We require that at least one payee has a FirstBank account to process a multiple-party check.

What You Need to Cash/Deposit a Multiple-Party Check

  1. Verified signature from all parties listed as “Payees” on the back of the check
  2. Verification of identification for all “Payees.” Payees must present a valid ID including, but not limited to:
    • Current in-state driver’s license
    • Current in-state driver’s permit with photograph.
    • Current U.S. Passport
    • Current out-of-state driver’s license.
    • Current Mexican Matricula Consular Identification card.

If the additional payee is not a customer of FirstBank, a secondary form of ID will also be needed, including but not limited to:

  1. Voter registration card
  2. State ID
  3. Local government ID

Please refer to the Colorado Department of Revenue site for any questions related to your TABOR refund check.

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