How to write a check easily within 5 minutes

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How to write a check

The banking sector has grown so fast. Technology growing rapidly. Banks are using very advanced and competitive instruments but the older one is also in used not obsolete yet and customer enjoying their benefits, checks are one of them. This article is based on How to write a check in banks.

Table of Contents

  • What is the check?
  • Payee
  • Payer
  • Steps to write checks
  • Guidelines to write a check

What is the check?

Check is an official instrument that is widely used throughout the world that orders a bank to pay or transfer money to a specific payee. It is quite safe.

Payee

The payee is the beneficiary of the transaction who can receive the amount of cash using check and deposit amount directly into his account.

Payer

The Payer is someone who issues a check. Banks issue checkbooks on customer requests, whether they provide services to deliver at home or to customers directly by hand.

 Steps of How to write a check

Write down the date

There is a date column on the right side of the check. Writing data is especially important because banks and another person you are paying check to want to know it. Checks do expire after six months of duration.

Write down who you are paying

The next on the check, there is the line “pay to the order of” there you need to write out the name of the person or the business you are going to make a payment to.

Write the amount

The third and particularly major step is to write the amount on the right side of the check. Be careful while writing the amount, the amount bank will subtract from your bank account.

write the amount in words

You will find the next line where you need to write down the amount in words. The very important point is to write the exact amount which you write previously in the figure.

Fill the memo line

Right after the amount, there is a line of memo. Banks need to know the reason why they are making a payment.

Sign your name

The last step while you are writing out a check is your signature. The signature must be that which you use when you open a bank account. If the signature will not match to that will be assumed fraudulent and your check will not be paid to the person you want to pay.

Additional guidelines for you

Here are some guidelines which you help you more.
1. Develop the habit to minimize the chances of fraud hitting your account.
2. Always use a pen. Using a pencil can cause your information altered by someone.
3. It is riskier to issue a blank check try to fill in the name of the payee and amount before sign your check.
4. Have your carbon copies with you after you issue a check for a rechecking and evidence purpose.
5. Avoid writing a check to cash. It is as riskier as you write a blank check.
6. Try to avoid the chance of your check being stolen and lost.
7. Write fewer checks.
8. Pay in all the checks you are given as soon as possible.
9. Don’t accept postdated checks.
10. If a person is writing a check without having sufficient money, or is committing fraud, then the check will ‘bounce’. The payee won’t get money. In this case, he’ll need to ask for a ‘special presentation’. His bank will send the check to the bank which issued the check, by first
class post and phone them the next day to confirm that it will be paid.
11. Check out your spending’s so you don’t bounce checks.

If you want to read HOW TO WRITE A CHECK WITH CENTS then click

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