Procedures ALLIED HEALTH III

Banking Basics + Deposit - Withdrawal

Banking - Online Banking - Mobile Banking - Automated Teller Machines (ATM) - Telephone Banking - Mail Banking

ATM

Bank Accounts - Checking - Savings - Overdraft checking - Special checking

Currency - Paper bills & coins

Types of Checks - Cashier’s- Postdated check - Certified- Stale check - Electronic- Traveler’s check - Limited check- Voucher check - Money order

Check Components - Date - Words of negotiability - Payee - Numeric amount - Written amount - Financial institution - Signature

Check Components

Check Endorsement - Blank endorsement ◦Signature only ◦Should not be used until check is about to be cashed Restrictive endorsement ◦Used to endorse checks as they are received ◦“Pay to the order of”

Check Endorsement

Accepting Checks - Do not accept: ◦Third party checks ◦Checks marked “paid in full” ◦Money order with more than one endorsement

Common Check Writing Errors - Written & numeric amounts do not match - Wrong date - Unsigned checks - Signature does not match - Alterations or modifications

Common Check Writing Errors 1, One thousand fifty dollars and no/ Ms. Lyons Christopher Zalapi Donna Griffin 1220 Greenwood St. Orlando, FL 32801

Common Check Writing Errors “If an instrument contains contradictory terms, typewritten terms prevail over printed terms, handwritten terms prevail over both, and words prevail over numbers.” Courtesy Line Legal Line

Preparing Checks - Must have 5 essential factors ◦Date ◦Payee ◦Numeric & written amounts ◦Payer signature -Must fill out check register

Bank Deposits - Sort & total currency - Sort & enter checks - Prepare the deposit slip

Preparing the Deposit Slip

Bank Statements - Provide a summary of financial transactions over a period of time - Mailed or ed to account holder monthly - Reconcile the bank statement each month