Using a Cheque

To pay for an item by cheque a bank customer must fill in the blank spaces on the cheque and sign it. This cheque has been completed:

The customer has written this information onto the cheque using a pen.

1.	The name of the company that the payment is to.
2.	The date that the payment is being made on.
3.	The amount of money to be paid, which is written in both words and figures.

Writing the amount out twice reduces the likelihood that the customer will accidentally write the wrong amount. It also makes it harder for someone else to change the amount later on. The bank will use the signature to verify that the cheque has been filled in by the authorised customer and is not a forgery.

When the cheque is completed the customer will hand it or post it to the person that he has purchased items from. This person will then send the cheque to the bank so that payment can be made. The payment will not be made until the bank has received and cleared the cheque.

How to Write a Check

1) Check number

2) Date check is written. Write out month, day, year, i.e. January 23, 2012

3) Payee - The person or company you are paying. (Department of Homeland Security)

4) The amount in numbers i.e. 380. 00/100

5) The amount in words i.e. Three hundred eighty and 00/100

This is very important and checks may be returned if it is written incorrectly.

6) Signature

7) Bank numbers (You will probably never need to know this)

8) Bank routing number and account number. Useful for when you are paying bills online using your checking account.

Special Considerations:

• Make sure an address is written on the top left side of the check. If the address is not pre­printed on the check, you should write it in yourself.

• Your check will be read by an OCR (optical character reader) scanner, not by a person. The algorithms may reject your check if it is not written EXACTLY as above and your OPT application will be returned to you for non-payment. For example, do not write “Three hundreds” (with an “s”) because it is more than one hundred. This has happened.

• In the “For” or “Memo” line, please write “USCISI-765”

• For a good online demonstration of the correct way to write a check, go to httv://www.thebeehive.org/money/syend-it/how-write-check

Дата добавления: 2015-10-31