Tips on How to Write a Cheque

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Knowing how to read and write cheques can save you many hours, headaches, and money. If your personal or business cheques are confusing to understand or difficult to reconcile, they will delay your cash flow. The time taken to resolve a dispute will also be increased. It is advisable that you learn how to read a cheque and write cheques before sending them. If you have any doubt about the accuracy of the information on the cheques, it is better not to send the money.

How to write cheques

Firstly, write the cheques beginning on the top left-hand corner of the page. Be sure to include the amount of money to be sent, the name of the payee, the date, and the amount (blank) to be paid. Using the correct procedure to write cheques can save you from many frauds and expedite the processing by most banks. If anything is incorrectly written or any part of the cheques is missing, the bank may reject your check, and your payment would be stopped. Make sure that all the relevant information has been included on the cheques.

How to write a check for 100 dollars: The easiest way on how to write a check for 100 dollars is using the top right-hand corner where you can write 100. This means that you should also indicate the date on which you would like to receive your money. In addition, the amount must be printed in bold letters, small print, and above all, must clearly indicate how much you would like to receive. If you wish to indicate the exact dollar amount, it is advisable to write the amount written in the memo section.

Writing cheques: To know how to write a cheque for a specific dollar amount, it is advisable to know how much money you have in your bank. Write the amount in big digits, preferably in Roman numerals (Aries, Libra, Capricorn, and Scorpio). After having written the number on the lower half of the cheque (the bottom right corner), it is advisable to write the symbol next in the line. This symbol is interpreted as follows: the left symbol represents the principal (top line) and the right symbol represents the interest (bottom right corner). Write these symbols in order, starting from the principal (Aries) to the interest (Cancer, Libra, and Scorpio).

How to write cheques for business transactions: When writing cheques for business transactions, the top right-hand corner should always contain the letter “P” followed by a number (this is usually preceded with an “H”). In addition, the amount written must be written in big numbers. The bottom left-hand corner also has a number, which is interpreted as the minimum payment to be made (if any). For example, if you have to make a payment of $100, the cheque means that you have to deposit this amount of money in your account. If the amount you have deposited is not enough money, you will have to pay the excess amount of money to your credit card company.

How to write cheques for personal transactions: The cheques for personal transactions can be used for paying bills (credit cards and personal loans), buying groceries, and paying private school fees. You need to write the amount in big digits (i.e. a hundred dollars). Also, the cheques for personal transactions need to be smaller in value than the cheques for business transactions. In other words, you do not want to have a cheques balance greater than the credit limit on your bank account.

Wrapping Up

Another important reminder on how to write a cheque: always write the last name first (or just for you) of the payee and always write the date when the transaction was made. In some cases, the date is written in the middle of the cheques so that the customer knows how long ago the transaction happened. Always address the payee by his or her name and title, as it is much easier for a processor to identify the payee if this information is correct. It is also recommended that you use upper or lower case letters only in the account number and on the cheques.

How to write cheques for business transactions: Again, the account number is usually written on top of the cheques and the payee’s name is also addressed by upper or lower case letters. If you are a financial institution or bank, always attach a printed receipt to the cheques, as the recipient will have to check this for the amount and validation of the transaction. If you are a personal cheque holder, ensure that you write the payee’s full name and add “payee” at the bottom of the cheque, in block quotations. It is essential to ensure that all information is correct so that the cheques do not get returned to the bank as NSF. If you are a business and need more help, you can contact your bank or financial institution for tips and information.