Monday, December 8, 2014

How to Write a Check


When writing a check you need to fill it our properly or it won't be valid. The steps are:
  1. Where the date goes
  2. Who you're paying the check to
  3. The amount of money, write kind of big so no numbers are added
  4. Write out the amount of money with the amount of cents over 100 and then add a line on the rest of the line so that an extra amount is added
  5. Sign your name
  6. What the check is for
Endorsing a Check
There are three different ways to endorse a check depending on what it is you want to do.


 The first way is to just sign your name the way it is on the front of the check if it's made out to you. Only do so if you're ready to cash or deposit it otherwise if you lose it, someone else can cash it and get your money.


 
 
 
 
 
The second way is called a Special Endorsement, this means you're giving the money to someone else, sometimes called "signing the check over to someone". You will write "pay to the order of(person's name)"
 
 
 
 
The last way of endorsing a check is called a Restrictive Endorsement, it makes your check safer if you're sending it by mail. You will write "for deposit only" and this means the bank can only deposit it into your account, it cannot be cashed. 
 
 

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