Home Daily Brief  Stock Market Guide   Get in Touch   
 
 
Articles & Reports
 
 
Learn how to Invest
 
 
Investing Terms
 
 
Investing e-Books
 
 
Investing Calculators
 
 
Quotes & Forex
 
 
Investing in Art
 
 
Contact Information
 
 
The GreekShares.com - Investing Education - Real Simple Syndication
 
Stock Investing Course
What Is RSS?
Site ap
Risk Tolerance Quiz
The Newsletter
 
 
 
 

Bank Checks

Bank checks are written orders that we use to tell our banking institutions to pay money or to transfer funds from our account to a check holder.

Your bank checks serve as a personal form of money and you can avoid a possible risk of forgery by following five simple suggestions:

1. Use an ink pen so your bank checks' information cannot be easily altered.

Bank Checks

2. Fill in all the information on your bank check clearly and legibly, including your signature.

Scrawls can be easier to forge so it's important to take your time when writing a bank check.

3. When filling in a bank check, start at the far left when writing in the amount of your bank check longhand. When you've finished writing in the amount of the bank check, draw a line through any remaining blank space so it cannot be filled in later.

4. Be sure the numerical and written check amounts match exactly.

5. If you make a mistake, void the bank check and start a new one. List the voided bank check in your register to help in later reconciling your account.

Sometimes we encounter problems when we write or receive bank checks. We may find our checking account becomes overdrawn or we may receive a check that "bounces."

Bank Checks 2

Depository institutions must also deal with check problems, including fraud and losses from bounced bank checks.

Banks are protected from some risks by regulation that allows time for a check to clear before a customer is allowed to access the bank check's funds.

In addition, banks establish certain verification and identification procedures to safeguard against losses.

   

   
 
 
 
 
 

 

 
 
 
username
 
password
 
forgot password
 
 
 
 
Stay updated, sign up for our free newsletter to receive useful tips.
 
name
 
e-mail
 

Change Image
 
ype the above characters exactly as you see them in the field below.