I have heard various stories about cheques being written on unusual objects. Is this legal and, if so, what is the minimum information required on such a cheque? Would any reputable bank honour such a cheque? Rob Lines, Bristol As long as you have the bank details, account details, your signature, and the amount to be transferred, you can legally use anything as a cheque, providing that object is in itself legal.
It is not just filling in the details, but how you actually fill the details on the cheque that matters. This means your cheque will not travel physically from one location to another, but an electronic image will be transferred for the bank where the cheque is deposited to the drawee bank.
Reuters This also means even a small mistake on your cheque will result in your cheque not getting cleared. And, most banks have started to charge for extra cheques you order.
In addition, writing the cheque properly also prevents the risk of frauds on your cheques. Not to mention that banks charge a few hundred rupees as a fine, for cheques that get bounced due to non-financial reasons.
So, here are a few things to keep in mind while writing a cheque and you might just save a few hundred bucks. Always move from left to right: And this helps you cover all details on the cheque in a structured manner. If you randomly fill in the cheque details, you might just miss filling something.
And, that could lead to bouncing of cheque due to non-financial reasons.
Without a date your cheque will justnot be cleared, period. You will be surprised to know, how many actually forget to write the date, at times the correct date. If you want the cheque to be cleared right away, write the current date. If you plan to give a post-dated cheque ensure you give the right date.
But when it comes to your cheque, leaving space on them increases the risk of frauds and cheque tampering. If you are addressing a cheque to a person in particular, write the name accordingly. Keep in mind that unless you are addressing the cheque to a particular person, cancel the printed word "bearer" from the cheque.
Usually you will see the word "bearer" on the right hand side of the cheque, somewhere under the date. Having the word bearer means, anyone who presents bears the cheque, the amount will be payable to him. If you want the cheque to be encashed over the counter in any branch of your bank, do not cross the cheque.
Crossing of cheque simply means, when you draw two parallel lines on the left corner of the cheque and write the words "Account Payee" between those lines. Keep in mind that when you cross a cheque, the funds reach the account of the person, and cannot be encashed at a branch counter.
In the box where you have to write the amount in numbers, ensure you write in the correct manner. Also when it comes to writing the amount, do not leave space. Same applies when you write the amount in words.
Five thousand can be easily made into thirty five thousand, if you leave space before the word five. Only, and only, after filling all the above mentioned details, should you actually sign the cheque. Also remember that going forward; you will need to use darker ink to sign the cheque.
Sign the cheque above your name, which is printed on the cheque. And never, never sign blank cheques in the cheque book. If you lose the cheque book, you know what will happen next. These are a few things to keep in mind while write a cheque.
Keep tracking this space for more info on cheques. Next we will cover the different types on crossing of cheques and when to use which type of crossing. Dec 20, A cheque is only an instruction to pay - the only requirement is that it has a date and your signature. However, you could just write a letter to your bank with the details and ask for a .
Apr 20, · I dont have a cheque book and was wondering if I can ask my bank to write out one on my behalf or is there any other way I can do it without requesting cheque book?
Dec 03, · Which means, for example, you hold an account with ICICI Bank and you wish to withdraw cash using cheque, then write a cheque to “Self” and use it to withdraw money from any of ICICI Bank’s branch.
Apr 12, · Best Answer: Your bank can give you a check to fill out and debt your account. It will take days longer to clear, Even without a personal checkbook (where your nae and account number are written on), some banks can give checks (about 10 pcs) with your account number on it.
After you file a police report, it should be up Status: Resolved. Oct 17, · How to Write a Check. In this Article: Article Summary Annotated Check Writing a Check Community Q&A Writing checks is an easy and important skill every adult should know. To write a check, fill in the current date on the line in the upper right corner, the name of the recipient in the "Pay" field, the numerical amount next to the dollar sign ($), and the written form of the same amount on the 89%().
Feb 17, · Best Answer: Yes - in the UK this is known as a Banker's draft. Your bank (you almost certainly have to be an existing customer) can issue one for you, but may charge a %age or flat fee.
|women's hockey world cup||If so, a stop request cannot be made. The responsibility of the bank as well as the account holder is given.|
|Report Abuse||Tweet Like it or not, many don't write cheques properly.|
|Foreign Currency cheques will be sent for clearing and your account will be credited after the proceeds are available.|
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|New cheque norms: Know how to write the cheques correctly - Firstpost||Europe[ edit ] In most European countries, cheques are now rarely used, even for third party payments. In these countries, it is standard practice for businesses to publish their bank details on invoices, to facilitate the receipt of payments by giro.|
Alternatively, you could go to a Post Office and purchase a Postal Order (again a fee may apply).Status: Resolved.