To write a check, you can follow a few steps to complete it. But for this, you must know these steps and why you fill them.
In the modern age of online money management, mobile banking, and digital payments, there are still some situations where you need to apply old money management techniques, such as writing a check or check.
It can be said that they are less common, but they are still used even in today’s digital world. A check is a inexpensive and simple device for moving cash. You probably haven’t written it, but it’s an effective way to use it.
The check does not come with sets of instructions, you must understand them to complete, receive and deposit a paper check. It contains information reprinted in a blank section that is completely and correctly filled out or could affect financially.
To complete the check, you may know where to put the sign, date, and money if you’re doing it for the first time in a long time. Still important and put into service skills.
There are several steps involved in writing a check:
Step 1: Date of the test
It’s in the upper-right corner of the check. The bank and the person writing the check need to know when you are writing it.
Step 2: Who is this check for?
Here, write the personal name or company name you are giving the check to. Make sure that you are entering the correct name of the company or person. Otherwise, anyone can redeem or deposit cash.
Step 3: Write the installment sum in numbers.
There are two spots where you compose the installment sum. First add the amount in dollars or rupees numerically in the small box on the right. Write numbers in a clear format so that the bank can easily identify this money from your account.
Step 4: Compose the installment sum in words.
Write the exact numeric amount in words you enter in the box. If you’re writing a check for a dime amount, make sure you put a dime over 100. Composing the sum in words is significant for banks as it affirms the absolute installments.
Step 5: Write a MEMO.
It’s optional, but it helps to know why you’re writing it or who. Or you can say it is additional information. You can likewise compose account numbers in it.
Step 6: Sign the check.
You need to sign your name in the lower right corner. Because it is certain that you are ready to pay the stated amount.