What are the Parts of Check ? 12 Parts of Cheque Explained with Image

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Definition: Cheque refers to a negotiable instrument that contains an unconditional order to the bank to pay a certain sum mentioned in the instrument, from the drawer’s account, to the person to whom it is issued, or to the order of the specified person or the bearer.

parts of a check

There are 12 parts of the check. We have discussed in detail for your query related to different parts of a cheque with the image. Each of the numbers corresponds to an essential feature of this blank check. Scroll down for both the name and purpose of all these parts. Some features of a cheque are self-explanatory, such as the date. Others have interesting characteristics that are different to check writing

parts of check

All Parts of a Check

See the image and focus on numbers in cheque image then see the details below accordingly.

  1. The personal information part provides information about the account owner.
  2. The payee line indicates who can collect the money.
  3. The dollar box represents the amount of the check in numerical form.
  4. The amount of your cheque is addressed out in this segment using words rather than numbers.
  5. A memo line is a place for any data about the scope of the check.
  6. The date line works as a timestamp for that cheque.
  7. The signature line confirms that the account proprietor has approved the payment.
  8. Your bank’s contact information and logo are normally printed on the cheque.
  9. Your bank’s routing number represents banks where to get the funds for the cheque.
  10. Your account number is another identifier that lets you know where the funds for the check will come from.
  11. The check number is a protection measure to recognize each payment and counter fraud.
  12. Your bank’s fractional ABA number 

Parties to Cheque

Basically, there are three parties to a cheque:

Drawer: The person who draws the cheque, i.e. signs and orders the bank to pay the sum.

Drawee: The bank on which the cheque is drawn or who is directed to pay the specified sum written on the cheque.

Payee: The beneficiary, i.e. to whom the amount is to be paid.

Apart from these three, there are two more parties to a cheque:

Endorser: When a party transfers his right to take the payment to another party, he/she is called an endorser.

Endorsee: The party in whose favor, the right is transferred, is called endorsee.

Sometimes, the drawer and payee can be the same person, when the drawer writes a self-cheque.

So after knowing the parts of the check If you want to know now how to write a check click this link 

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