How to Write a Check

1. How to Write a Check Adam

2. What Are Checks • Checks are like cash, except the money comes out of your bank account via check. With checks, there is a checkbook, this is to record all checks you have written. • Just because you have checks, does not mean you have the money. Also known as non-sufficient funds. • You can also deposit money into your account using a check. The check is usually received from someone else and then you can deposit it into your account.

3. Terms • Check stubs are a strip on the side of some checks that is torn off. Mostly used to keep a record of the amount of the check. • Check Endorsement- When a payee signs their name on the back of a check to cash or deposit a check • Balance- Amount of money currently in your checking about • Non-sufficient funds- when you write a check for more money than you have in your account, • Minimum Balance- The minimum amount of money required in your account. Having a amount less than the minimum balance may result in extra service charges • Service Charge- An amount that the bank charges you for having a checking account.

4. Tips • Always start writing at the beginning of a line, this is to avoid someone making unauthorized changes. • Write clearly and only use ink when writing a check so no person can alter your check • Check is not legal until you sign it. NEVER SIGN A BLANK CHECK • Make sure that the amount written in numbers matches the amount written in letters. • If you make a mistake, write “VOID” on the check in big lettering and file it. It’s smart to keep record of voided checks and canceled checks. • Do not leave any blank areas on your check, draw a line through them if there are open spaces.

6. A.    Check NumberB.     ABA NumberC.    Maker's Preprinted Name and AddressD.    DateE.    PayeeF.    Numeric AmountG.    Written AmountH.    Drawer or MakerI.     Account NumberJ.     Memo