The date is supposed to be written on the top right corner of the cheque, including the year, month and day. While the memo line isn’t among the mandatory check details, it serves as a reminder of the reason behind the payment.įilling in the memo line is beneficial as it enables you to keep a record of all of your payments and see what you have spent your money on. If there are none, simply write an even number or enter a decimal followed by two zeros. All you have to do here is enter the total amount in numbers.ĭon’t forget to include any cents that need to be paid. Right next to the dollar amount line, you’ll notice the dollar amount box. Additionally, you can avoid a thief trying to alter the numbers on the cheque. This prevents potential misreading of the figure given in numbers in the dollar amount box. Here, users are required to enter the exact sum in words. Dollar Amount LineĪfter determining the recipient of the cheque, you’ll need to write the amount you wish to pay on the dollar amount line. Lastly, make sure you use comprehensible writing in this section of a cheque. Keep in mind that you need to use an individual’s legal name when filling out a check, as some banks have strict policies that don’t allow spelling mistakes or nicknames.Īnalogically, cheques issued to businesses require the business’s legal name instead of its DBA name. The payee line contains the name of the individual, business, or organizations receiving the payment. Next, we have one of the crucial check lines. On the other hand, starter and temporary cheques oblige the user to write the check info. If you have a personalised cheque, this information will already be filled in. Next, the second line requires your home street address, while the bottom line is reserved for the city, province and postal code. On the top line, you’ll need to write your full name as stated on your bank account. It contains information about the authorized account user who issues the cheque. You’ll find this section in the top left corner. Let’s find out what each part of a Canadian cheque represents! Personal Information But it’s essential to learn to read the check details and correctly translate the different parts. Reading checks might seem confusing at first glance as they don’t come with instructions. Keep on reading to learn more! What Are the Parts of a Cheque? This article will provide you with valuable information on how to read a cheque and correctly interpret each part, and by doing so, you will be one step closer to writing a cheque yourself. If you’re a beginner and want a better understanding of how cheques work, you’ve come to the right place.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |