How To Write Check For Cash – In a world of online payments and automatic withdrawals, checks can seem a little old fashioned. But believe it or not, there are still places that require checks or charge a fee if you pay with anything other than cash or cheque. And if your high school was too focused on the Pythagorean theorem to teach you personal finance, you may never have learned how to write a check.
Hello. No shame there. Let’s talk everything you need to know about checks, starting with the six steps to writing a check:
How To Write Check For Cash
If you accidentally write the wrong number (it happens!), you can draw a line through it, correct it, and then start the correction.
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On the amount line, write the amount you are paying – in words this time. (Yes, it can feel repetitive. But it’s extra reassuring when you’re 100% clear on how much money you’re talking about.)
Sometimes this line says “I” instead of “Memo”. This is where you explain what the check pays for, such as “water bill for May” or “dance lessons for June.”
Make sure the name you sign matches the account holder name at the top of the check (above your address). So, if you go by your middle name, but your first name is printed on the check, sign with your first name!
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After you fill out the cheque, make sure you write it down in the checkbook register. This is a little notebook-like thing with a bunch of columns and rows. It comes with the checkbook and helps you keep track of your expenses.
Income – not just checks! If you use your debit card or go to the ATM (to deposit or withdraw money), you must enter it here.
Anytime you’re dealing with money and your identity, it’s important to be extremely secure. And since checks include both of these things, here are some security tips for writing a check:
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Use a pencil. If you write a check in pencil, someone can erase it and change the amount or replace the name in the Pay to Order line. No. No. No.
Fill in the entire amount box and the amount row. Do not leave a blank space in the amount box or amount row. That opens the door for someone to change a full stop to a comma – causing you to pay more than you signed up for (literally). Write the numbers big enough to fill the box and the words big enough to fill the whole line – or add a line to fill any extra space, like in our check example!
Do not sign the check until it is completed. No blank checks in your checkbook or wallet, right? Let that signature be the last thing you fill in when you write a check.
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Don’t practice signature styles. Do this before you write checks, not while you’re writing them. You don’t want banks to question fraud because your signature doesn’t look the same. And you don’t want to make it easy for someone to sign your name that looks like anything because you’ll never make it look the same!
While we’re on the subject of checks, we want to cover one more topic: check clearing. Okay, what the hell
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With the check. If you want to cash the check so you can have the money on hand, sign it in the box on the back that says “Promote Here.”
Write Checks / Drafts
If you want to deposit the money into your bank account – either at the ATM, into a bank account or as a mobile deposit – write “For deposit into an account” and your account number. Then sign up. And remember that everything needed fits within the signing area.
Explanation here: If you are doing a mobile deposit, your bank may have some specific guidelines. So check them before you sign.
Okay, so that was a lot. And let’s be honest – if you use your checkbook sign up to login
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But it also helps a lot if your budget app links to your bank, so transactions flow directly into your budget. Then instead of filling in five lines every time you spend or earn money, you can drag and drop the transaction to the correct budget line. That’s exactly what you get with the premium version of EveryDollar.
Oh, we almost forgot the best part. The carpet. No more adding and subtracting to check your account balance. You can see it directly in the app. It’s automatic! And you don’t even have to remember the Pythagorean theorem.
Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills and improve their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national best sellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million listeners each week. Read more.Harlan L. Lande’s checkbooks are almost obsolete. But the old form of transferring money from one person to another is not quite ready to give up the ghost. Venmo can be great for figuring out how to split the dinner check when you’re out with friends, and paying bills online definitely reduces the headache, but sometimes you have to pay a bill or give down payment on a car, and you need to use a personal check. File this under Essential Financial Skills for now. Having this skill makes you a financial bad ass, or at least a budding financial ass. Checks come into the books of companies that partner with your bank. Or you can order them separately for each checking account from independent checkbook companies. You can get fancy designs, which always cost money, or you can get a basic, traditional check design like the one I’ll be using as an example here. The fancy designs cost more. But when I open a new checking account, I make sure the bank provides at least the first free check box, if not free check boxes for the entire time I own the account. Personal checkbooks usually have two options: single or double. Duplicate checks have special paper under each check that duplicates what you write so you have a record of it. It makes it easier to balance your checkbook and review your finances. The single checks require you to remember what you paid, and they usually come with a check register. I always choose the duplicate checks because I find them more convenient when I write several checks at a time, which I often do when paying my bills. Here’s an important tip: Don’t write a check for money you don’t have in your checking account. Always follow your financial situation so you know how much is due. If you have $1,000 in your account and you know that your $500 rent is about to be deducted from that account, you cannot write a check for $600 until you have more money. Don’t try to beat the system and think you’ll deposit more when someone cashes your check. Many checks are cashed electronically now and the money disappears quickly. It’s not worth the overdraft fees or bounced check fees. This is what a typical check looks like after you print it. Take a look at this example and the explanations below. (It seems someone has a big electricity bill from the Pulsar Quasar Electric & Gas company.) Cash me in da bank, how bow dah? Of course, your check will not have “BLANK” and “NO REAL CHECK” written on it. It’s just that nobody tends to try to use this graphic for anything other than as an example. Here are the parts of the check as above, and what you need to know about each section. Your address. If you ordered checks from the bank, this is the address on your account. If you bought checks separately, this will be whatever address you gave when you bought them. Make sure it is correct. But it won’t hold up your money if it’s wrong. Some companies prefer that you also include your phone number, which you can write under your address or on the memo line (area 7) if you’re so inclined. The check number. You should print your check out in numerical order as much as possible. It makes it much easier to see, when looking at your statement or activity, if someone still hasn’t cashed your check. The date. When writing a check, put today’s date here and spell out the name of the month so there is no chance of confusion. Dating a check is when you write an earlier date. It is completely unnecessary. If the company receives the check late, it is still late, regardless of the date on the cheque. Backdating is the opposite: writing a date later than the current date. Some will do this when they know a deposit is coming and they don’t have the money they need to cover the check in the bank account
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