How can you use a cheque? Only accept cheques from people you know and trust. You can use a cheque to pay someone, or get paid by someone. You can pay anyone with a cheque, if they accept it.
Secure storage of cheque books Write down and keep the serial numbers of blank cheques as soon as you receive your cheque book. Limit the number of cheque books you have. Keep your cheque books in a safe place. Choose to have your cheque books sent to your home by recorded delivery or pick them up at your branch.
Don't hesitate to contact your branch if your cheque book is late arriving.
Don't sign blank cheques in advance. Write your cheques with care for greater security Use a pen with ink that can't be erased easily. Don't leave any space in front of amounts in figures or in words. Limit spaces between numbers and between words.
Draw a single line after the amount and the name of the beneficiary. Don't cross anything out or write over anything. Don't alter any of the information written on the cheque. If the cheque has been filled in by machine, only sign it after you have double checked that the details filled in are correct.
Maximum protection when you pay by cheque Write the details of the issued cheque on your cheque book stub. Protect your cheque when sending it in the post by making sure you can't see through the envelope used.
Choose unmarked and discreet envelopes. Voluntarily and willingly provide the beneficiary of your payment with proof of your identity Art. L of the Monetary and Financial Code. Making this simple act a habit will help to provide better protection against fraudulent use of cheques.After you write the check, remember to write the date, check number, payee, and the amount in the check register located at the front of the checkbook.
Check Information The order of these numbers may differ on your check and may include some special symbols different than those shown. This is a cheque whereby the printed word “Bearer” on the cheque is cancelled.
The cancellation of the word “Bearer” automatically makes the cheque an “order” cheque. An order cheque can be paid to the named payee across the bank’s account if so presented. See How to Write Dollars and Cents on a Check.
Menu Search Go. Go.
Investing. Basics Stocks Real Estate Value Investing View All ; Credit & Debt. Building Credit Credit Card Basics Next, to write out the check’s amount in words, the two steps are similar: Write out the dollar amount.
Convert Number to Words Print Email Tweet Please enter a cheque number that you want to write in words. Cheque Fraud. Cheque fraud is among the oldest and most common forms of financial crime. Altered - an item that has been properly issued by the account holder but has been intercepted and the payee and/or the amount of the item have been altered; Contact the Canadian Anti-Fraud Centre at .
If the cheque is not presented for payment for a period of 6 months from the date of its issuance, it is then considered as Stale Cheque. The validity of the cheque can be reduced by the drawer, like valid for 3 months but the maximum validity of any cheque is 6 months.