Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content. Online money management, mobile banking and digital payments are normal in the financial world, but there are still situations when you may need to resort to old fashioned means of handling money — enter cheques. Cheques are simpler to fill out than they look.
Check how you write your cheques: a handy how to guide
Cheque fraud British English , or check fraud American English , refers to a category of criminal acts that involve making the unlawful use of cheques in order to illegally acquire or borrow funds that do not exist within the account balance or account-holder's legal ownership. Most methods involve taking advantage of the float the time between the negotiation of the cheque and its clearance at the cheque writer's financial institution to draw out these funds. Specific kinds of cheque fraud include cheque kiting , where funds are deposited before the end of the float period to cover the fraud, and paper hanging , where the float offers the opportunity to write fraudulent cheques but the account is never replenished. Cheque kiting full refers to use of the float to take advantage and delay the notice of non-existent funds. While some cheque kiters fully intend to bring their accounts into good standing, others, often known as paper hangers , have pure fraud in mind, attempting to "take the money and run. A cheque is written to a merchant or other recipient, hoping the recipient will not suspect that the cheque will not clear.
Writing Your Own Cheque
Writing a check is easy, and this tutorial shows you exactly how to do it. Move through each step one-by-one, or just use the example above as a model for the checks you need to write. You can complete the steps in any order you like as long as the finished product isn't missing any vital information.
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