If you plan to give a post-dated cheque ensure you give the right date. Same applies when you write the amount in words. Also remember that going forward; you will need to use darker ink to sign the cheque. Usually you will see the word "bearer" on the right hand side of the cheque, somewhere under the date.
But when it comes to your cheque, leaving space on them increases the risk of frauds and cheque tampering. Keep tracking this space for more info on cheques. Keep in mind that unless you are addressing the cheque to a particular person, cancel the printed word "bearer" from the cheque.
And, most banks have started to charge for extra cheques you order.
Also when it comes to writing the amount, do not leave space. In addition, writing the cheque properly also prevents the risk of frauds on your cheques. If you want the cheque to be encashed over the counter in any branch of your bank, do not cross the cheque. If you want the cheque to be cleared right away, write the current date.
It is not just filling in the details, but how you actually fill the details on the cheque that matters. So, here are a few things to keep in mind while writing a cheque and you might just save a few hundred bucks.
Having the word bearer means, anyone who presents bears the cheque, the amount will be payable to him. Five thousand can be easily made into thirty five thousand, if you leave space before the word five. If you randomly fill in the cheque details, you might just miss filling something.
And, that could lead to bouncing of cheque due to non-financial reasons. Only, and only, after filling all the above mentioned details, should you actually sign the cheque.
And this helps you cover all details on the cheque in a structured manner. And never, never sign blank cheques in the cheque book. Not to mention that banks charge a few hundred rupees as a fine, for cheques that get bounced due to non-financial reasons.
In the box where you have to write the amount in numbers, ensure you write in the correct manner. If you lose the cheque book, you know what will happen next. Without a date your cheque will justnot be cleared, period. Always move from left to right:After you write the check, make a record of the payment.
A check register is an ideal place to do this, whether you use an electronic or paper register. A check register is an ideal place to do this, whether you use an electronic or paper register.
Jun 26, · To write a check, write the date on the line in the upper right hand corner and write the recipient’s name on the “Pay to the Order of” line. Put the amount next to the dollar sign, making sure to write it in both dollars and cents.
Write that same amount in word form on the line below%(). BANK OF PAKISTAN Cia a payee e' Of the she brnk bank * ar,y Of. Title: English billsimas.com Author: Mukkarram Khan Created Date: 9/21/ PM.
Crossing of cheque simply means, when you draw two parallel lines on the left corner of the cheque and write the words "Account Payee" between those lines.
Some even write it as "A/C payee". Keep in mind that when you cross a cheque, the funds reach the account of the person, and cannot be encashed at a branch counter. How to write a cheque Writing cheques is a dying art, but you might need to master it if you pay a bill or send someone money for their birthday.
Here is how to write a cheque without making a mistake that would make it unusable. If you wish to write a cheque of some X rupees and Y paise (cheque of decimal value as you quoted), it is mandatory to write the amount in words too.
You should write this cheque as “Rupees One Hundred and Paise Fifty Seven Only”.Download