7. Steps to Writing a Check Make sure you have enough money in your account! 1. Write the check 2. Record the transaction in your check register
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9. How To Write A Check http://www.moneyinstructor.com/in/inwritecheck.asp http://www.moneyinstructor.com/in/inwritecheck.asp
10. Sample Check 1 3 8 6 4 5 10 9 2 7 1: Today’s date 2. Payee 3. Amount in numbers 4. Amount in words 5. Reminder 6. Your signature 7. Your name & address 8. Check # 9. Name of your bank 10. Your checking account number
13. You can also use a check to get cash out of your checking account. • Write “CASH” or your name in the “Pay to the Order of” area on your check. • But, be careful! A check you write out to cash can easily be cashed by anyone! Checks Made Out to “Cash”
14. Endorsing a Check DO NOT WRITE, STAMP OR SIGN BELOW THIS LINE RESERVED FOR FINANCIAL INSTITUTION USE * ENDORSE HERE
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16. What if you make a mistake? If you make a small mistake when writing a check, cross out the incorrect information, write your initials above it, and then write the correct information. If you make a big mistake when writing a check, write “VOID” across the entire check, rip it up, or shred it, and throw it away. Write a new check. Remember to entire all checks – even VOIDED checks – in your check register.
20. Words to Remember 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. Endorse a Check: 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. Overdraft or Non-sufficient Funds: When you write a check for more money than you have in your account .
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22. “ Reconciling” Your Account Banks can make mistakes! You should reconcile your check register with your monthly checking account statement each and every month to make sure your balance is correct.