Working With Checking and Savings Accounts - The Homer Fund
Working With Checking and Savings Accounts - The Homer Fund
Working With Checking and Savings Accounts - The Homer Fund
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Writing a Check<br />
If you have a checking account, you can write checks. Checks<br />
are used for paying bills <strong>and</strong> making purchases when you do not<br />
want to use cash. Checks allow you to use the money in your<br />
account to pay for things without having to withdraw cash.<br />
Sylvia Howard<br />
123 Any Street<br />
Anytown, USA 12345<br />
Date___________________<br />
Pay to the<br />
order of__________________________________________________$<br />
Carletta Stevens<br />
4<br />
1<br />
11/19/01<br />
123<br />
00-123/100<br />
2 3<br />
Twenty-four & 33 /100 –––––––––––––––––––––––<br />
24.33<br />
__________________________________________________________________Dollars<br />
Study Objectives<br />
Underline/highlight the<br />
answers to these questions<br />
as you read:<br />
1. What are checks used<br />
for?<br />
2. How do you write a<br />
check?<br />
3. What is forgery?<br />
4. What are some ways to<br />
prevent forgery?<br />
6<br />
Babysitting<br />
For_______________________________<br />
5<br />
Sylvia Howard<br />
___________________________________<br />
:123456789: 0123456789 || 0123<br />
1. Write the date.<br />
2. Write the name of the person or company you are paying.<br />
3. Enter the dollar amount of the check in numbers (e.g., $24.33).<br />
4. Write out the dollar amount of the check in words. Follow the dollar amount with<br />
the number of cents written as a fraction over 100. If there are no cents, you can<br />
write 00/100. Draw a line from the end of your writing to the end of the line so that<br />
there is no room for anyone to insert words or numbers.<br />
5. Sign your check the same way you signed your signature card.<br />
6. Write the purpose of the check. If you are paying a bill, you may also want to write<br />
your account or invoice number here.<br />
7. If you make a mistake writing a check, you may need to write a new one. In this<br />
situation, write VOID in large letters across the incorrect check to ensure that no<br />
one can cash it. <strong>The</strong>n tear it up <strong>and</strong> throw it into the garbage.<br />
7<br />
Sylvia Howard<br />
123 Any Street<br />
Anytown, USA 12345<br />
Date___________________<br />
Pay to the<br />
order of__________________________________________________$<br />
123<br />
00-123/100<br />
––– VOID –––<br />
__________________________________________________________________Dollars<br />
For_______________________________<br />
___________________________________<br />
:123456789: 0123456789 || 0123<br />
13