How To Write a Check

Learning how to write a check is essential when you finally open a checking account. Used to pay for goods, services, and many other things in your life, knowing how to write one up properly can also save you valuable time and money. Write one up the wrong way, and you might end up at the bank trying to straighten out a discrepancy or explaining a bounced check. It's up to you to make sure your checks don't end up this way! Mastering art of writing up a check will help you get through many of your financial debacles with ease. If you have never written a check before in your entire life, then this guide will give you the … [Read more...]

How Can I Print My Own Checks?

One of the most common reasons why the question "how can i print my own checks?" arises is because not all checking account holders use the same amount of bank checks. Those who use them sparingly definitely would want to save some money by being able to print their own checks rather than be forced to order a whole bunch. The important thing to consider is that it is done correctly to ensure that savings not only in time, but with money as well are preserved. When planning to print your own checks, follow these simple steps. Decide on the appropriate size and material. The initial consideration on addressing the … [Read more...]

Check 21: 8 Questions Of Importance

The law Check 21 or also known as the Check Clearing for the 21st Century Act was signed on October 28, 2003, and put into effect the same date the following year. This means that all provisions have been in effect from that day forward. The implementation will foster innovations in the existing payment system as well as enhance the efficiency through the reduction of some legal impediments associated with check truncation. To effectively facilitate this process it became necessary to create the new negotiable instrument, substitute check. This allows banks to truncate the original checks, electronically process information, … [Read more...]

12 Parts Of A Check

Majority of Americans who have an existing checking account are not really quite aware about the different parts of a check. This means that either they are not fully aware or they just do not bother to find out what these parts are. Knowing the various parts actually can help checking account holders to properly read and understand how the bank checks are formatted. Comprehending the individual parts can also be useful in ensuring that all transactions are properly completed. The various parts of bank checks that you need to be familiar with are: Check Number This portion is placed on the bank check for easy … [Read more...]

9 Useful Check Security Features

There is no question about the importance of check security features that cover every transaction of checking account holders. This is further highlighted by the fact that according to Ernst & Young, there are over 500 million checks that are forged yearly amounting to losses approximating more than $10 billion. This has been upheld and substantiated by the American Banking Association with the added information that the alarming level rises at a rate of about 25% annually. Taking these into consideration, the loss per check issued in the United States amounts to $1,545 on the average. Despite courts upholding the UCC … [Read more...]

6 Options For Endorsing Checks

Banking institutions require recipients of checks to endorse the bank note before it is cashed or deposited to their account, which is why it is important to know the different options for endorsing checks. By definition, a check endorsement refers to the placement of the signature in the front or back of a bank check as a form of acknowledgement from both parties that an agreement for the exchange of a specific amount has been reached. The options for endorsing checks allows the checking account holder to limit who is qualified to receive the specific amount in the bank check or how the amount can be disbursed by the … [Read more...]

Which Bank Account Features are Actually Useful?

When you get a new bank account, it is a good idea to sit down and see which features you think are going to be useful. You want to consider all of your options so that you can get an account that is actually helpful to you. Do not compromise on something that is very important to you. Do not get an account that does not give you what you want. There are plenty of bank account options out there, so make sure that you are happy with everything that is being offered to you before you set things up. Below are some of the features that you might want to look for.   Online Banking First of all, you need to use online … [Read more...]

Are Travelers Cheques on a Terminal Decline?

In this technologically advanced age, people are increasingly making use of debit and credit cards to take care of travel expenses instead of relying on traveler’s cheques. With greater ease of access and security to electronic money, traveler’s cheques no longer provide the same ease and security they once did, hence their decline. While their use may be declining, traveler’s cheques are by no means extinct. The reason for this is that there are times when nothing but cash will do and traveler’s cheques are the only answer. Traveler Cheques Background A traveler’s cheque is the same as carrying cash that is protected in … [Read more...]

How Hologram Checks Improve Security

Hologram checks are the latest security measures being put in place to help curb one of the largest challenges facing the banking industry today, check fraud. Today's advanced technology is making it easier for counterfeiters to steal checks and simply scan and print new versions. More people than ever before are switching to hologram checks to improve their banking security. What Are Hologram Checks? Hologram checks are made with a secure, three-dimensional reflective image placed somewhere on the face of the check. The images are made with thin layers of foil that cannot be removed or copied. The patterns of the hologram … [Read more...]

Why Order Your Checks Online

As with most other things that you need to accomplish in any given day, ordering personal checks can be done online. Although most transactions now can be done electronically, there are still times when you need a check, such as for paying the day care provider, paying the Girl Scouts for a cookie order, or the unusual business that operates on cash or checks only (yes, there’s still a few of them out there!) Most banks will order checks for you if you’re a customer and you go to your home branch, but their selection of checks is very limited and most are just plain drab and boring. You express yourself daily with the car … [Read more...]