The financial and banking world may be tough. In particular, if your bank account and credit card handling has just begun and you are aiming to use money wisely, that is all about correctly understanding your foundation and you are rich We welcome you!
Here we focus on the correct way to write a check. Therefore, you do not have to worry where your money goes, whether the checks will be revised.
First of all, What is a check?
A check is a written remittance between two bank accounts and, in some cases, permission to obtain cash directly.
When should I check?
To transfer a large amount between two bank accounts or between an individual and a bank account, you usually need a check.
How do you write one?
It is important to enter the correct information in the check leaf so that it is not returned or considered invalid.
I will briefly explain the procedure for correctly writing a check.
Step 1: Please enter the date
- In the upper right corner of the leaf there is a slot to enter the date in the format dd / mm / yy.
- Normally, future dates will be entered. Regardless of the date entered, the expiration date is within 3 months from the date stated.
- If you enter a future date, please make sure that the amount specified on that date will fit into your account.
Step 2: Enter the name of the payee
- On the line of Payment & # 39; Payment & # 39; Enter the name of the person or organization you want to pay.
- If you know that someone is trying to receive a check or put it in an envelope, you can leave that owner's word. Or you can hit it.
Step 3: Enter the total as words
- Please use correct spelling when entering amount by word.
- Also, include the word only at the end. This is mainly to make it impossible for anyone to change what you originally wrote. Example: Only 250 thousand rupees.
Step 4: Enter a numerical value as a numerical value
- In the box at the bottom right of the check, enter the amount to be transferred.
- After writing numbers with numbers, please add a slash and hyphen at the end. For example, Rs. 25,000 / -.
Step 5: A / C Recipient
- Instead of paying the check immediately, please draw two parallel lines above and below "a / c recipient" in the upper left corner of the check.
Step 6: Signature
- At the bottom right of the check you need to sign directly above the place where your name is printed.
- Compare to the signature of the previous transaction, please make sure your signature is not too different. Banks allow space for certain variations, but please make sure you fully recognize the way you sign.
How do I write a check for me?
To send a check to me, please write "self" on the payline.
Errors to avoid:
In addition to paying checks, there are some mistakes that tend to do during writing. However, with a little exercise, you can avoid these common mistakes.
- Always write a valid date
- Please confirm that there is money in the account at the time of transfer.
- Pass the checks to trusted sources.
- Do not cancel or overwrite at any point on the check.
- If you wish to hide the account number printed on the check, use a permanent marker to hide the printed number.
- If you are cashing with checks for yourself, please write down your name, account number and your mobile number behind the check leaf.
You need to keep these general mistakes clear so that check refusals and bounces can reflect not only you but also your credit history is bad - especially if your loan or business transaction When paying monthly installments.
