Having the word bearer means, anyone who presents bears the cheque, the amount will be payable to him. And, most banks have started to charge for extra cheques you order. It is not just filling in the details, but how you actually fill the details on the cheque that matters.
You will be surprised to know, how many actually forget to write the date, at times the correct date. If you are addressing a cheque to a person in particular, write the name accordingly.
These are a few things to keep in mind while write a cheque. Always move from left to right: Only, and only, after filling all the above mentioned details, should you actually sign the cheque. And never, never sign blank cheques in the cheque book. 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.
Five thousand can be easily made into thirty five thousand, if you leave space before the word five.
Dec 20, So, here are a few things to keep in mind while writing a cheque and you might just save a few hundred bucks. If you plan to give a post-dated cheque ensure you give the right date.
Without a date your cheque will justnot be cleared, period. Reuters This also means even a small mistake on your cheque will result in your cheque not getting cleared.
Not to mention that banks charge a few hundred rupees as a fine, for cheques that get bounced due to non-financial reasons.
Sign the cheque above your name, which is printed on the cheque. If you randomly fill in the cheque details, you might just miss filling something.
This means your cheque will not travel physically from one location to another, but an electronic image will be transferred for the bank where the cheque is deposited to the drawee bank. Next we will cover the different types on crossing of cheques and when to use which type of crossing.
If you want the cheque to be encashed over the counter in any branch of your bank, do not cross the cheque. 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.
Keep tracking this space for more info on cheques. If you lose the cheque book, you know what will happen next. In the box where you have to write the amount in numbers, ensure you write in the correct manner. Also remember that going forward; you will need to use darker ink to sign the cheque.
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. And, that could lead to bouncing of cheque due to non-financial reasons. But when it comes to your cheque, leaving space on them increases the risk of frauds and cheque tampering.
Usually you will see the word "bearer" on the right hand side of the cheque, somewhere under the date. And this helps you cover all details on the cheque in a structured manner.
If you want the cheque to be cleared right away, write the current date. Keep in mind that unless you are addressing the cheque to a particular person, cancel the printed word "bearer" from the cheque. Same applies when you write the amount in words.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%(). Feb 07, · 10 tips to help you write a cheque correctly - Banking Basics - Duration: HDFC Bankviews.
LIVE: The Most Amazing Girl Fishing River Monsters Head Wilderness. What is crossed cheque? Crossing a cheque refers to the action where the person issuing the cheque makes two diagonal lines on the top left corner of the cheque. This means that this cheque can be paid only into an account and not to a person who wants to encash it to direct cash.
Cheque Writer for Pakistan Banks; Cheque Writer for Maldives Banks; Cheque Writer for United Arab Emirates (UAE) Banks; Cheque Amount to Words Converter Print Email Tweet Please enter a cheque amount that you want to write in words. The cheque in question should have been issued in discharge of whole or part of a debt or liability otherwise the maker of the cheque is not liable for prosecution.
For example if the cheque is given as a gift or present and if the bank dishonours it the maker of the cheque is not liable for prosecution.
In addition, writing the cheque properly also prevents the risk of frauds on your cheques. Not to mention that banks charge a few hundred rupees as a fine, for cheques that .Download