Check Writing
Check writing is a valuable skill to have for everyday financial situations. Read along as we explain each step and show you how to properly write a check.
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1. Write the date - Fill in the date to keep an accurate record of when you made purchases and paid your bills.
2. Write recipient details - Write in the information of who will be receiving the check. This can be a business or a person's name.
3. Spell out check amount - Write out the full amount of the check, including cents. This is important if the numbers are not clear.
4. Check amount - Put the dollar amount, in numbers in the box next to the dollar sign ($). Include cents even if there are none.
5. Check memo - Include an account number or any message to help you remember the purpose of the check.
6. Sign the check - Sign the check on the lower right corner.
7. Update your checkbook - On the first available line enter the check number, date, and description of the check.
8. Balance the register - Subtract the amount of the check from the total account balance. That's it you are done!
Check Writing Terms and Definitions:
Payee: The party that receives the check.
Payor: The party that writes the check (to the payee).
Check Register: A booklet that is used to keep a record of all your checking related transactions, including checks written and deposits.
Check Stub: A strip on the side of some checks that is torn off. Used to keep record of the amount of the check.
Endorse a Check - Check Endorsement: When the payee signs their name on the back of a check to cash or deposit the check.
Balance: The amount of money currently in your checking account.
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 an amount less than the minimum balance may result in extra service charges or reduced privileges.
Service Charge: An amount the bank charges (fees) for use of the checking account.
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