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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