HOWTONEED

Even humans move towards virtual currency while refusing physical money, Checks are still surprisingly in use and very common around all over the world. Even today’s world is going through technology and being digitalized over and over again, checks have not been discarded or lost their place as they are effective, safe and inexpensive item for moving money. Today we will teach you How to write a check – How to fill out a check correctly?. Before moving any other first, we will let you know what checks are.

What is a check?

A check or cheque is not just a written paper but also a negotiable document that contain an unconditional order to a bank to pay a specific quota of money from a person’s account to another person to whom it is issued.

A check or cheque is not just a written paper but also a negotiable document that contain an unconditional order to a bank to pay a specific quota of money from a person’s account to another person to whom it is issued.

Basically, there are three parties involved in the process of withdrawing money from a check. They are as follows.

01. Drawer – The person, who draws the money, signs and orders the bank to pay the sum.

02. Drawee – The bank on which the check is drawn or the person who is directed to pay the particular sum return of the check.

03. Payee – The benefited party, to whom the sum of money is payed.

Different types of Checks

01. Open check – They are also called as uncrossed checks. These checks can be transferred to the bank account of the person whose name is written on it and also cash is payable at the counter of the bank. These are negotiable in nature.

02. Bearer check – These are un-cashed by the person whose name is written on and also if anyone presents the check before the payment as no identification of the presenter or the holder is required. These are negotiable in nature.

03. Order check – These are payable to the person or an organization whose name is specified on it.

04. Crossed check – If two parallel lines are drawn at the top left corner they are known as Crossed checks. The amount on such ones can credited to the account of the payee.

05. Self – check- If someone wants to borrow money from his own account, they can withdraw by writing SELF on the name of the payee. These checks should not be crossed, so that any person as your representative can receive the sum on behalf of you.

06. Blank check – These checks are signed checks but the name of the payee, amount to withdraw and date to release is not mentioned. Therefore, they are called as Blank checks.

07. Stale check – As you know, a check is issued for a date and is valid up to three months of the issued date and then the check expires. If a check is presented to the bank after the expiry date then it is called as Stale checks.

08. Post – dated check – When a check is drawn by dating to future it is known as, Post – dated checks. You cannot burrow money before that date.

09. Ante – dated check – These checks contain a prior date.

10. Banker’s check – These are also known as pay order. These checks are issued by the bank on behalf of the customer who is on the same city. It is non – negotiable.

11. Cancelled check – Due to mistakes occur when writing the check, they get cancelled.

12. Mutilated check – Checks which are damaged, crushed, washed or torn is called as Mutilated checks. Withdrawal is approved after proper confirmation.

13. Traveler’s check – These checks are issued by the bank for a fee which contain a specific fixed quantity. They are used to do payments in the foreign countries.

14. Gift check – These checks are issued to purchase gifts and prizes. Usually the quantity is very large in size. Banks charge a fee in issuing these checks.

How to write a check?- How to fill out a check correctly?

Writing a check is simple and an easy task, what you only need to know is how to do it correctly? If you are not sure about filling up the check in correct order move through this as we are ready to show you how to do it exactly in step by step.

In order to approve a check by the bank all necessary blanks must be complete and accurate. Here are the things that you really need to do know about, how to write out a check?

01. Current date –

This is really essential for the recipient to keep records. Space is provided on the top right corner to write the date.

02. Payee –

Write the name of the person or the company that you are paying using this check.

03. Amount in numerical form –

Write the sum (in numerical form) of your payment in the small box provided on right hand corner.

04. Amount in words –

Write the quantity of your payment in words to avoid confusion (if your numbers are not clear enough). Usually, the price of your check is officially considered by the sum written in letters not the numbers. If the quantity is different in both numerical and word form, quota written in words will legally be the amount of the check.

05. Signature –

After checking all what you wrote sign it on the line in the bottom right corner. A check would not be valid without a signature.

06. Memo line –

This part is not essential if you like you can include a note. You can add a reminder about why you wrote the check.

After writing the check, make a record of your payment. You can do this using a check register. It does not matter that you use an electronic or paper register record the payment as they will prevent you from sending money twice to the same account.

How to write a personal check?

Writing a personal check is same as writing an ordinary check. The only difference is the word “Personal” has included. All you have to do is follow the six steps that we told you easier.

First, write the date on the line in the upper right- hand corner. Then write the name of the recipient (person or a company, institute). Write the value of the check in numerical form in the right – hand side of the check. Write the monetary value of the check in words form below the “pay to the order of” line. Fill out the memo section if you want. And finally, sign the check on the bottom of the right – hand side corner to make this a valid one.

How to write a void check?

A void check is a check that has written word VOID across the front. This is common in practice to nullify incorrect checks and set up direct depositions or bill payments. If a check is voided it should not be accepted for payment. But this can still be used to get information needed for electronic payment.

Take the following steps in voiding a check:

1. Use a black or blue pen – When voiding a check never use a pencil or anything that can be erased.

2. Write the word VOID in large and clear letters on the payee line.

3. Write the word VOID in large and clear letters in the payment amount box (both in numerical and letter form place)

4. Write the word VOID in large and clear letters in signature line.

5. Record your check as voided in the register.

6. If the voided check is to be sent to set up direct deposit, make a copy for your records.

Or else you can write the word VOID in large letter using a black pen all across the front of the check; this prevents anyone from filling it or trying to cash it.

If your check is voided correctly and accurately it is critical to avoid fraud and having unauthorized funds withdrawn your checking account.

How to write a check with cents?

Most of the time people use checks for things like monthly rentals such as electricity bill and water bills which includes both dollars and cents. But how are supposed to write out a check with both dollars and cent? You can learn all what you want regarding this matter. All you have to do is keep following us and we will help you step by step.

01. Fill out the date – Just as ordinary other checks, you need to write the current date in top right corner.

02. Fill out the pay to the order of line (Payee) – Write the name of the person or the company that you are paying.

03. Fill the amount in numerical form – Write the price that you want to pay in numbers. For example, if you want to pay $112.56 then simply write in the box as $112.56.

04. Write the value in letter form – The key to writing a check with cents is writing the word and then putting the cents as a fraction of a dollar. So, you can write as XX/100, where xx is the number of cents. For example, the sum that you want to pay is $112.56. You can write it as hundred and twelve and 56/100, and fill the rest of the line in with a strike out to prevent anyone from altering it.

05. Signature – If you wish you can add a memo or else check the date, price in both number and words and then sign it.

How to write out a check with zero (0) cents?

As there are many different types of checks you have to write them out depending on the circumstance. You cannot write them in the same way. But fortunately, you only need to change couple of simple stuffs. So, now we will cover how to write a check with zero (0) cents.

01. Fill out the current date – In a check you need to write the date on the top right corner. It is very important to write the correct date.

02. Payee – Write to whom, whether it is a company or a person that you are paying through this. You can write this in the space mentioned as “pay to the order of”.

03. Write the value in numerical form – You can write the quota that you wish to pay in numbers without cents here. The space provided already contains the dollar sign, therefore, you do not have to write it again. To be safe as possible when writing a check with zero (0) cents, you should put a decimal and two zeros to the right of the decimal to show this is the complete amount of the check.

04. Write the amount in letters – As this is zero (0) – cent check first you should write the word and then “no/100” at the end to specify this as a zero (0) cents. Fill the rest of the blank place with a line to avoid no one can alter the amount of the check.

05. Signature – In order to make this a valid one account holder must sign after going through all the filled parts. The account holder can sign at the bottom of the right – side corner.

06. Memo – Add a memo if you want. This part is not really essential, you can leave it blank.

Due to the security, effectiveness, attitude of people and other different aspects of society towards the check have made it a valuable form of money. In this guide, we have provided the rudimentary skills and knowledge one should acquire in order to take the maximum use of the check. It is quite vital and widely talked theme in the economics and business globe so; it is to you to learn very accurately about this. We hope that this was a good and a useful guidance sheet but, it is up to you, whether you take the minimum or the maximum use out of all resources in making and giving away money in this form.