{"id":21683,"date":"2021-09-21T10:30:00","date_gmt":"2021-09-21T15:30:00","guid":{"rendered":"https:\/\/wealtheo.com\/?p=21683"},"modified":"2021-12-14T10:26:37","modified_gmt":"2021-12-14T16:26:37","slug":"how-to-write-a-check","status":"publish","type":"post","link":"https:\/\/wealtheo.com\/articles\/money\/how-to-write-a-check\/","title":{"rendered":"How To Write a Check"},"content":{"rendered":"\n
A check can be one of the most vital tools you have when managing finances. There are many different types, and they all have a specific purpose. Knowing their purpose and how to correctly write one will save you from many problems later on.<\/p>\n\n\n\n
A check directs a bank to pay a specific sum. It can either be converted to cash or deposited into an account. As the name implies, they connect to checking accounts.<\/p>\n\n\n\n
Their purpose is to allow two parties to arrange a monetary transaction without needing physical currency. The check becomes the substitute and will account for the amount written on it. You can use it in numerous ways, including:<\/p>\n\n\n\n
It\u2019s a more secure form of moving money around. This is because no one can cash in the check unless they’re the payee, the one meant to receive it. So, even a stolen or lost check won\u2019t have any value. Back in the day, checks were the primary form of transacting without money. However, in modern times, more options have sprung forth.<\/p>\n\n\n\n
When you are transacting using a check, you have to make sure that you have money in your account. If not, it will bounce, and the transaction will not continue. You will have to pay the bank a fee for overdrawing because you didn\u2019t account for your budget.<\/p>\n\n\n\n
There are several types of checks, and they have different purposes. These are:<\/p>\n\n\n\n
Want to learn how to write a check? Writing a check can be overwhelming if you don\u2019t know how to do it. It\u2019s all about understanding each part of the check and knowing what you need to write on it. There doesn\u2019t have to be a specific pattern for you to follow. As long as you complete the information required, you\u2019ll be fine. Here are the parts of the check you need to fill out:<\/p>\n\n\n\n
Usually, you\u2019ll write the current date on the upper right part of the check. You can also postdate it by placing a later date. However, you have to coordinate with your bank to ensure that the payee doesn\u2019t get money from your account earlier than intended.<\/p>\n\n\n\n
The payee is the individual or organization you\u2019re paying. You\u2019ll have to make sure that the information you write is accurate so that they can get the money.<\/p>\n\n\n\n
There are two amounts you\u2019ll write on the check. The first is in numeric form, where you\u2019ll place the value within a small box. For example, you can write $10.15. Make sure to write within the box to prevent fraud.<\/p>\n\n\n\n
Then the second amount is writing the numerical value in words. It is a way to verify and avoid confusion. If the writing is different from the numbers, the check will become invalid.<\/p>\n\n\n\n
Often found at the bottom right corner, you\u2019ll place your signature here along with your name. The check will not be valid if you do not use the same name and signature filed at your bank.<\/p>\n\n\n\n
The memo is an optional part of the check. You don\u2019t need to write anything on it, but others use this line for reminders. Here are some examples:<\/p>\n\n\n\n
In your checkbook, you\u2019ll have a section where you can record the check number and information about the transaction. Doing this will help you remember everything you issue. Also, avoid writing a blank check because it\u2019s putting your account at risk.<\/p>\n\n\n\n