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

Checks

Legal documents that function like cash

Bounced check – a check written for more than what is currently in the account

Check Writing

Checks include the following information:

Check Writing

DATE: Month, day, and year

Check Writing

PAYEE: The person or business who will receive the money

Check Writing

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

Check Writing

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

Check Writing

SIGNATURE: Your signature

Check Writing

MEMO: Reason for the check

Carbon Copy

An exact copy of your check

Why do we have this?

Check Writing

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

Check Writing

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

Check Writing

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

Check Writing

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

Check for Peter Stormer, written today, for $120.00 for utilities

1. DATE:

01/12 15

Check for Peter Stormer, written today, for $120.00 for utilities

2. PAYEE:

01/12 15

Peter Stormer

Check for Peter Stormer, written today, for $120.00 for utilities

3. AMOUNT IN NUMBERS:

01/12 15

Peter Stormer 120.00

Check for Peter Stormer, written today, for $120.00 for utilities

4. AMOUNT IN WORDS:

01/12 15

Peter Stormer 120.00One Hundred and Twenty 00/100-------------------------------

Check for Peter Stormer, written today, for $120.00 for utilities

5. SIGNATURE:

01/12 15

Peter Stormer 120.00One Hundred and Twenty 00/100-------------------------------

Lucas John Sobchack

Check for Peter Stormer, written today, for $120.00 for utilities

6. MEMO:

01/12 15

Peter Stormer 120.00One Hundred and Twenty 00/100-------------------------------

Lucas Sobchack

Utilities

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

Check Writing

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

How to Cash a Check

BLANK ENDORSEMENT: Simply write your name on the back of the check

Lucas Sobchack

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

How to Cash a Check

RESTRICTIVE: A check that can be only deposited into your account. “For Deposit Only”

Lucas Sobchack

For Deposit Only

Are Checks Still Relevant?

Exit Ticket

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