7 Do’s And Don’ts Of Writing Checks
How to write a check: We may be comfortable at receiving and sending payments through cash, card and online, but no one can deny that checks are very much still a thing. Checks are an easy and convenient way to send and receive payments. However, when you’re not careful, you can run into problems that can cause future inconvenience.
Just like any payment solution, some people struggle with keeping checks in order. Even though such method is pretty much straightforward and there’s a guide to fill out a check, some still make mistakes when issuing check payments. Make the most out of your checking out by taking note of these do’s and don’ts.
Do make sure your check is dated properly
When writing someone a check, make sure not to leave the date blank, or else your payee can encash it at their will by writing the date of their choice. Also, make sure the date you’ll be writing is correct. This way, you can be sure that your account has enough funds when they encash it to avoid bounced checks.
Don’t leave blank spaces
When filling out a check, make sure not to leave any unused space especially on the payee name and amount in numbers and words. Draw a line after the correct details so no one can change the amount. Striking through the name of payee also allows you to restrict someone from adding another person’s name who can claim the funds.
Do write legibly with a permanent ink pen
Only use permanent pens to write a check. Use one in black or blue inks, and always write in clear and easy to read penmanship to avoid hassles and confusions.
Don’t forget to sign it properly
Some busy individuals especially entrepreneurs with hectic schedules tend not to be careful when signing documents. When it comes to checks, it is a must to sign correctly. If your signature doesn’t match the ones on your bank records, your check may bounce.
Do match the written amount with the numeric amount
Sometimes, we do make mistakes even if we managed to write dozens of checks before. One of the most common mistakes people make when it comes to using check payments is mismatched amounts. Before you give out a check, make sure the numeric amount and written amount are the same or else the bank won’t accept it.
Don’t let anyone fill out the check other than yourself
Blank checks are a big no-no as anyone can fill it out by themselves and enter any amount they wish. You may trust the person you give it to like your wife or family member, but this can lead to bounced checks if they try to encash an amount that is greater than what is on your checking account.
Do record all check payments you made
Another do’s when it comes to checking accounts is to record all checks you issue. This is extremely important especially if you’re issuing post-dated cheques. You can easily track all transactions easily, plus it gives you the advantage of knowing whether you have sufficient funds to cover for the scheduled checks or not.
Good Read: Writing and Cashing Post Dated Checks
These are what every checking account holder needs to keep in mind when issuing a check. You can easily ask for a guide to fill out a check. Make the best out of your checking account by writing checks the right way.