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How to write a cheque a step by step guide

Writing a cheque is one of the most important things to know as someone who conducts business on a regular basis even in today’s digital World. This is why knowing how to write a cheque is important when doing regular business. Cheques may be less common than they once were in the past but that does not mean that it is not still a staple in the financial industry. Writing a cheque is easy and this tutorial shows you exactly how to do it. You can complete the steps in any order you wish as long as the cheque isn’t missing any vital information.

What is the Purpose of a Cheque?

The purpose of a cheque is to transfer money from your account to another person, account, or company. They are more secure than cash because only the cheque recipient will be able to deposit the money.

What Details Are Needed to Write Out a Cheque?

There are a few minor details you will need when filling out a cheque.

  • Correct spelling of the recipient’s first and last name or the company name used for payments.
  • Amount of the cheque
  • Today’s date
Before You Write a Cheque

Before you write out a cheque, make sure that you have enough money in your account to cover the amount of it. If not, once that cheque is deposited or cashed, you could be subject to a non-sufficient fund charge from your bank and/or the recipient.

1.Current Date-Write the current date near the top right on the appropriate line provided. In most cases you will use the date in which you write the cheque on. The dating of a cheque allows you and financial institutions to keep accurate records of your financial transactions.

2. Payee- On the line that says “pay” write the name of the person or organization , to which you are paying the cheque out to. In the case that you are not sure who to write the cheque for you may have to ask “who do I make it out to”. The information on this needs to be accurate so ensure that you check for errors.

3. Amount in numeric form-Write the amount of the transaction in number form. in order to prevent fraud the first numeral should be as close to the left side of the box as possible.

4.Amount in words-Write the amount using words as this will help all parties involved to prevent fraud and confusion.

5.Signature-Sign the cheque on the bottom right corner . Try to use your unique signature as this will make it more difficult for others to fraudulently use your signature. Always use the same name and signature on file at the bank.

After writing a cheque-After you write a cheque make a recording of the payment details and amount.

Before writing a cheque-Make sure it is something that is necessary as writing a cheque is not the fastest way to transfer money. There are other options that may be less time consuming and save you more money.

How To Write A Check With Cents

Sometimes it’s the small things that get you. You may be comfortable with checks, yet you stall out composition out the sum. Composing a check with pennies is particularly precarious, however with a tad of training, you’ll before long have the option to do it without deduction.

At first, write the exact amount in cents from your check. If the check is for a quarter, express “0.25” in the box. Then, under the section where you write to whom the check should be paid, first write the word “Only.” Then write the amount in Word format. For this situation, you would express “Just a quarter.”

For example, suppose you need to write a check for eight dollars and fifteen cents (that’s $ 8.15). There are two steps:

  1. Write the amount using numbers (see red number one in the image below).
  2. Write the amount using words (see red number two in the image below).

First, write the amount in digital form in the dollar box located on the right side of the check next to the dollar sign (“$”). Start by composing the quantity of dollars (“8”), trailed by a decimal point or speck (“.”), And then the quantity of pennies (“15”). Eventually you will have “8.15” in the dollar box. For more examples and [practice] (Practice) questions scroll down.

Then, to write down the amount of the check in words, the two steps are similar

  1. Write the amount in dollars.
  2. Write the word “and”.
  3. Write the number of cents.

The tricky part is putting the number of pennies in [fraction] format (Fraction). To do this, compose the quantity of pennies, at that point compose a slice (“/”) and afterward compose the number 100. Actually, this is the partial measure of entire dollars.

Using our $ 8.15 example, write the following:

  1. “Eight dollars”
    2 and”
  2. “15/100”

Write everything together on one line to read “Eight dollars and 15/100.”

How to write a check for 1000

To complete the fields for a check for $ 1,000, proceed as follows:

  1. DATE: Write the current date or the most punctual date you need the check to be traded out the upper right corner. The month, date and year must be included.
  2. PAYEE Fill in the beneficiary information, that is, the name of [company] (Business) or the first and last name of the person to whom the money, on the next line.
  3. (Amount in numerical form): Put 1000 in the box just after the $ sign on the same line. Be sure to include the decimal part 00.
  4. DOLLARS (Amount in words): Write Thousand and 00/100 in the following field as far to one side as conceivable on that line. Use the case of sentence.
  5. TO Please note what payment by check is for on the next line, p. Eg invoice or contract number. Note that this note field is optional.
  6. SIGNATURE: Duly sign the document above the line in the lower right corner.
How to write a void check

  • A voided check may be required to set up direct deposits, [automated] transfers (Automatic) from the clearing house (ACH), or electronic bill payments.
  • Voiding a check means that it cannot be used to make a payment or withdraw money from your checking account.
  • The process to void a check is very simple.
  • In the event that you don’t have checks, there are different advances you can take to set up direct deposit or electronic installments.

Voiding a check is not that difficult. This is what you need to do, step by step:

  • First, get a blue or black pen.
  • At that point express “VOID” in enormous letters on the facade of the check, or state “VOID” in more modest letters on the date line, payee line, sum line and mark, too as in the amount box.
  • Maintain a record of the voided checks, create a copy of the these check and keep them with you for future use.

That is really all there is to it. Once you have voided the check, you can no longer use it to make payments0

How To Write a Check Chase

Here are the 6 parts of a check that you must complete:

  1. “Date section” – Write the correct date otherwise the check will be of no use.
  2. “Section where you write the payment” – Name of the person for whom the check is for
  3. “Cash box”: The most important one. This box is for writing the amount to be withdrawn in numbers. Be sure to include the pennies. If there are no pennies, just write “00”.
  4. After filling the money box, you will have to write the exact amount of money in words that you completed in the “Money Box” on the bottom line ending in Dollars. Be sure to include the pennies. This field, along with the cash box, will determine the validity of the check. If any of the fields are incorrect, the verification will not be valid.
  5. “Sign”: this field is the most important one. Without it, the check will not be considered. Make sure to sign the check after filling all the fields.
Security Tips

Develop the habits below to decrease the chances of fraud hitting your account.

  • Make it permanent: Use a pen whenever you write a check. If you use a pencil, anybody with an eraser can change the amount of your check and the name of the payee.
  • No blank checks: Don’t sign a check until after you’ve filled in the name of the payee and the amount. If you’re not sure who to make the check payable or how much something costs, just bring a pen—it’s much less risky than giving somebody unlimited access to your checking account.
  • Keep checks from growing: When you’re filling in the dollar amount, make sure you print the value in a way that prevents scammers from adding to it. Do this by starting at the far left edge of the space, and draw a line after the last digit. For example, if your check is for $8.15, put the “8” as far to the left as possible. Then, draw a line from the right side of the “5” to the end of the space or write the numbers so large that it’s hard to add any numbers. If you leave space, somebody can add digits, and your check might end up being $98.15 or $8,159.
  • Carbon copies: If you want a paper record of every check you write, get checkbooks with carbon copies. Those checkbooks feature a thin sheet containing a copy of every check you write. As a result, you can quickly identify where your money went and exactly what you wrote on every check.
  • Consistent signature: Many people don’t have a legible signature, and some even sign checks and credit card slips with humorous images. But consistently using the same signature helps you and your bank identify fraud. It’ll be easier for you to prove that you’re not responsible for charges if a signature doesn’t match.
  • No “Cash”: Avoid writing a check payable to cash. This is just as risky as carrying around a signed blank check or a wad of cash. If you need cash, withdraw from an ATM, buy a stick of gum and get cash back using your debit card, or just get cash from a teller.
  • Write fewer checks: Checks aren’t exactly risky, but there are safer ways to pay for things. When you make electronic payments, there’s no paper to get lost or stolen. Most checks get converted to an electronic payment anyway, so you’re not avoiding technology by using checks. Electronic payments are typically easier to track because they’re already in a searchable format with a timestamp and the name of the payee. Use tools like online bill payment for your recurring expenses, and use a credit or debit card for everyday spending.

Written by odanemorgan

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