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Checks Legal documents that function like cash Bounced check – a check written for more than what is currently in the account.

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Presentation on theme: "Checks Legal documents that function like cash Bounced check – a check written for more than what is currently in the account."— Presentation transcript:

1 Checks Legal documents that function like cash Bounced check – a check written for more than what is currently in the account

2 Check Writing Checks include the following information:

3 Check Writing DATE: Month, day, and year

4 Check Writing PAYEE: The person or business who will receive the money

5 Check Writing AMOUNT IN NUMBERS: The amount of the check in numbers.

6 Check Writing AMOUNT IN WORDS: The amount of the check in words.

7 Check Writing SIGNATURE: Your signature

8 Check Writing MEMO: Reason for the check

9 Carbon Copy An exact copy of your check Why do we have this?

10 Check Writing ROUTING NUMBERS: The nine-digit string of numbers used to identify your bank to process the transaction

11 Check Writing ACCOUNT NUMBER: The number used to identify your unique account within the bank.

12 Check Writing CHECK NUMBER: The number used to identify a specific check within the sequence of the register.

13 Check Writing How to Write Checks: You should fill out the following 6 items.

14 Check for Peter Stormer, written today, for $120.00 for utilities 1. DATE: 01/12 15

15 Check for Peter Stormer, written today, for $120.00 for utilities 2. PAYEE: 01/12 15 Peter Stormer

16 Check for Peter Stormer, written today, for $120.00 for utilities 3. AMOUNT IN NUMBERS: 01/12 15 Peter Stormer 120.00

17 Check for Peter Stormer, written today, for $120.00 for utilities 4. AMOUNT IN WORDS: 01/12 15 Peter Stormer120.00 One Hundred and Twenty 00/100-------------------------------

18 Check for Peter Stormer, written today, for $120.00 for utilities 5. SIGNATURE: 01/12 15 Peter Stormer120.00 One Hundred and Twenty 00/100------------------------------- Lucas John Sobchack

19 Check for Peter Stormer, written today, for $120.00 for utilities 6. MEMO: 01/12 15 Peter Stormer120.00 One Hundred and Twenty 00/100------------------------------- Lucas Sobchack Utilities

20 Write your own checks 1. Write a check with today’s date, a payee of your best friend, and give them $30.00 for their birthday 2. Write a check however you would like

21 Check Writing Check Register: A personal record of all checks written and deposited

22 How to Cash a Check BLANK ENDORSEMENT: Simply write your name on the back of the check Lucas Sobchack

23 How to Cash a Check SPECIAL ENDORSEMENT: Give money to another person. “Pay to the order of” Steve Leonhardt Pay to the order of Lucas Sobchack

24 How to Cash a Check RESTRICTIVE: A check that can be only deposited into your account. “For Deposit Only” Lucas Sobchack For Deposit Only

25 Are Checks Still Relevant?

26 Exit Ticket State whether you believe checks are still relevant or not. Have at least one full sentence explaining your opinion.


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