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Parts of a Check

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by

Andrea Davis

on 25 March 2015

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Transcript of Parts of a Check

Let's Check Out the
Parts of a Check

Stick with me here...
CHECK NUMBER
PAYOR'S PRE-PRINTED CONTACT INFORMATION
Never include your SSN
Optional to include Phone Number
Often pre-printed
Lower numbers indicate a newer account
Choose your starting number wisely!
CHECK DATE
Any form is acceptable
October 14, 2013
10/14/13
Do NOT Post-Date
Writing a check for a future date
Leads to possible fees or delays on deposits
PAYEE
Person or company receiving payment
NUMERIC AMOUNT
Dollar & cents being paid in figures
Write legibly
Start as close to the $ as possible
Optional: Fill the remaining box space with a line
WRITTEN AMOUNT
Dollars and cents being paid, written in words
"DOLLARS" is preprinted; do not re-write
Begin as far left as possible
Read the numeric amount
"and" is written in place of the decimal point
Use fraction over 100 for cents
Dash out remaining space of the line
MEMO LINE
Identifies purpose of check
Used in Transaction Register
SIGNATURE LINE
Checks are not considered legal until they bear your signature
Signature must match authorization card used to open your account
NEVER sign a blank check
ACCOUNT NUMBER
Can appear in different order depending on bank
Which of the following is an acceptable way to write the date on a check?
A. October 14, 2013
B. 10/14/13
C. 10/14/2013
D. All of the above are acceptable
Quick Check
Some Tips for the Road...
Always write checks in
blue
or
black
ink
Write legibly
Avoid extra space before, between or after letters or numbers
Avoid mistakes
Initial near minor changes
Write VOID on canceled or incorrect checks
Keep voided checks for your records
100.42 ---------
One Hundred and 42/100 ------------------------------------------------
Blank Endorsement
Signature & account number
Used to cash your check
Use with caution!
1574893675
VOID
Restrictive Endorsement
Ensures your check can only be deposited
Write "FOR DEPOSIT ONLY" & account number under signature
Safest form of endorsement
Special Endorsement
Giving your check to someone else
Write "PAY TO THE ORDER OF" followed by the designee's name & your signature
ROUTING NUMBER
CHECK NUMBER
Uniquely identifies you
Uniquely identifies your bank
Endorsement
Approval for the ownership of a check to be transferred
Cashed, deposited, or paid to someone else
Test Your Knowledge 1
Test Your Knowledge 2
03/20/20--
Full transcript