Sunday, July 1, 2012

Tips on how to write a check

I will make this very easy for you guys because this is what I learned from Professor Paner last time.
It's all about writing a check.
Follow these tips and you're good to go! :) 



Instructions

    • 1
      Start by writing in the date using any format, as long as it's legible. Use either the current date or a future date for a post-dated check.
    • 2
      Write the name of the person or company receiving your check on the line that starts with "Pay to the Order of" or "Payable to."
    • 3
      Write the numerical Peso amount of the check in the small space that starts with a Peso sign.
    • 4
      Write the same amount using words for whole Peso amounts, a fractional figure for amounts less than a Peso, and a straight line to fill up the remaining space on the line ending with the word "Pesos."
    • 5
      Sign the signature line at the lower right.
    • 6
      Note the check number, date, payee and amount on the check stub or in the check ledger at the front of your checkbook.
    • 7
      Subtract the amount of the check so that you will know how much you have left in your account.

Tips & Warnings

  • Keep up with the balance in your checking account, because banks will fine you for bounced checks if you don't have funds to cover all the checks you write. Post all deposits, record all checks and keep up with the addition and subtraction.
  • Checkbooks that automatically make carbon copies of checks may be a good idea if keeping records up-to-date isn't your strong suit.
  • Bounced check charges aren't necessarily written in stone. Call or visit your bank and shed a few tears. A soft-hearted clerk may remove the charges, especially if you haven't bounced many checks.
  • If you are paying someone with a post-dated check, let them know so they aren't surprised when their bank doesn't credit the check to their account immediately.
  • Completely destroy any voided checks or unused checks and deposit slips so that no one can copy the MICRE code, the funny-looking computer numbers at the bottom of checks, for the purpose of counterfeiting.
Hope this will help you guys! :) 


3 comments:

  1. Nice nice nice! Useful tips! It's better to know these tips as early as now, even if I don't have or use checks yet =P

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  2. Thanks for the tips! These will be of great help in the future. :)

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  3. Very intellectual tips for dealing with cheques. I may use this and retaliate my concerns for future clients that i'll deal with. Thanks you so much. Your blog is great! :)

    ReplyDelete