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A Cashier’s Check

This cashier's check from Bank of America, void after six months, is issued in the amount of $100 to Shannon Richmond and is signed by Stephanie Roe.

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A Cashier’s Check

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  1. A Cashier’s Check Drawee Bank 8006244785 VOID AFTER SIX MONTHS Bank of America MATCH THE AMOUNT IN WORDS WITH THE AMOUNT IN NUMBERS BANK OF AMERICA 100.00 Pay to theOrder of ***SHANNON RICHMOND*** Richard M. Rosenberg Payee PURCHASER:SHANNON RICHARD VOID OVER $100.00 CASHIER’S CHECK ISSUED IN US DOLLARS Authorized Signature Two signatures required. Drawer Bank of America NT&SA ||8006244785|| |121000358| 13973 84013|| Drawer Chapter 21

  2. A Certified Check Drawee Certification Acceptor STEPHANIE ROE10 PARK AVE.ST. PAUL, MN 55123 2206 No. 0008CERTIFIED THE FIRST NATIONAL BANK OF MY TOWN Jack Jones AUTHORIZED 20 June 801 Payee John Doe Pay to theOrder of $5,000.00 Five thousand & no/100 Dollars THE FIRST NATIONAL BANK OF MYTOW332 MINNESOTA STREETMYTOWN, MINNESOTA 55555 Drawer Stephanie Roe Drawer ||94’’’77577|| 0885 Chapter 21

  3. A Poorly Filled-Out Check XYZ CORPORATION10 Industrial ParkST. PAUL, MN 55123 2206 20 June 801 John Doe Pay to theOrder of $100.00 One Hundred and no/100 Dollars THE FIRST NATIONAL BANK OF MYTOW332 MINNESOTA STREETMYTOWN, MINNESOTA 55555 Stephanie Roe ||94’’’77577|| 0885 Chapter 21

  4. The Collection Process DRAWER Buyer issues check drawn on New York Bank to seller (payee) located in California. • DRAWER AND PAYOR BANK • New York Bank • Debits buyer’s (drawer’s) account for amount of the check • Sends canceled check (or copy) to buyer(drawer). PAYEESeller deposits check in San Francisco Bank(depositary and collecting bank). DEPOSITARY AND COLLECTING BANK San Francisco Bank sends check for collection to Denver Bank (intermediary and collecting bank). INTERMEDIARY AND COLLECTING BANK Denver Bank sends check for collection to New York Bank (drawee and payor bank). Chapter 21

  5. How a Check is Cleared CHECK Checking Account Jeanne Sutton CITY BANKSan Francisco +$20.00 Reserve Account City Bank FEDERAL RESERVE BANK San Francisco +$20.00 FEDERAL RESERVE BANK Philadelphia Reserve Account First National Bank of PA -$20.00 FIRST NATIONAL BANK Philadelphia Checking Account Pamela Moy -$20.00 Chapter 21

  6. Checks and the Banking System Chapter 21

  7. Checks and the Banking System (Continued) Chapter 21

  8. Checks and the Banking System (Continued) Chapter 21

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