Part 3: Check Writing Dollars & Sense. Tips for Good Check Writing 1. Write checks in ink. 2. Only write checks if you have money in account to cover.

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Presentation transcript:

Part 3: Check Writing Dollars & Sense

Tips for Good Check Writing 1. Write checks in ink. 2. Only write checks if you have money in account to cover them. 3. Use the current date 4. Always fill in the amount. 5. Void checks on which you make errors. 6. Do Not write checks to “Cash”

Writing the Amount on a Check 1. $39.95 __________________________________ Dollars 2. $89.00 __________________________________ Dollars 3. $ _________________________________ Dollars 4. $1, ________________________________ Dollars 5. $2, ________________________________ Dollars

Deposit Slips routing number account number

Endorsements – Back of Check written evidence you received payment or that you transferred your right of receiving payment to someone else. Allow recipient of the check to cash, deposit, or transfer it to someone else. Legal evidence. Must be in ‘Float’ area. Float = 1.5 inch space on left side of check, on back.

Types of Endorsements Blank: your name in exactly as it is written on the face of check. Special: includes name of person to whom check has been transferred. Restrictive: limits the use of the check. Forgery: writing another person’s signature on a check without his or her authority.

Types of Endorsements Blank Endorsement 2. Special Endorsement 3. Restrictive Endorsement John Smith Pay to the order of Lisa Reynolds John Smith 1 For Deposit Only John Smith

Check Register A separate form on which a depositor keeps a record of deposits and withdrawals. EVERY check must be recorded in a check register.

Enter into Register