How to Write a Check

WRITING A CHECK

Maintaining aChecking Account

Endorsement• Ownership of a check can be transferred• A signature or stamp on the back of a

check transferring ownership• Three types:– Blank– Special– Restrictive

Blank Endorsement• An endorsement consisting only of the

endorser’s signature• Only blank endorse when in the bank

and ready to cash or deposit• If check is blank endorsed and lost or

stolen, anyone can cash it!

Endorse here

X _______________________ _________________________ _________________________

DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINEReserved for Financial Institution Use

Bob Denitzio

Special Endorsement• An endorsement indicating a new owner

of a check• Include the words “Pay to the order of”

and the name of the new check owner

Endorse here

X _____________________________ _________________________ _________________________

DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINEReserved for Financial Institution Use

Pay to the order ofBeth BucherBob Denitzio

Restrictive Endorsement• An endorsement restricting further

transfer of a check’s ownership• Limits use of check to whatever purpose

is stated in endorsement–“For Deposit Only”

• Prevents unauthorized persons from cashing check if lost or stolen

Endorse here

X _______________________ _________________________ _________________________

DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINEReserved for Financial Institution Use

For deposit onlyPIANO MAN MUSIC

Bob Denitzio

MAKING A DEPOSIT - COMPLETING A DEPOSIT SLIP

KEEPING A CHECK REGISTER

RECONCILING A BANK STATEMENT

OVERDRAFTS AND BOUNCED CHECKS

Overdrafts and bounced checks occur when you complete a financial transaction (e.g., write a check) for more than what is available in the account. Your financial institution may pay the amount and charge you a fee, known as an “overdraft fee” or a “nonsufficient funds fee.”

Tip: Avoid overdraft or non-sufficient funds fees by making a habit of monitoring the balance in your checking account.

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