Search:

Would you like to contribute to this site? Checks Menu Submit an Article Submit a Tip Place your Ad Add URL Checks Questions? Contact Us  Check Printing   Order Checks   Checks By Mail   Custom Checks   Business Checks   Personal Checks   Bank Checks   Travelers Checks   Money Orders   Cashiers Checks   Laser Checks   Check Software   MICR Printing   MICR Toner   Check Cashing   Checking Account   Check Verification   Check Information   Quicken   Quickbooks   Checkbooks   Checkbook Software   Checkbook Covers   Wallets and Billfolds   Specialty Wallets   Coach Wallets   Debit Cards   Types Of Debit Cards   Business Debit Card   Teen Debit Cards   Bank Debit Cards   Prepaid Debit Card   Debit Card Protection   Debit Card Info   Debit Card Basics   Bank Check Cards   Rebate Checks

Return To Checks Article Archive   Search the Article Archives Checks And Balances By Sintilia Miecevole Checks are basically written for the transfer of funds from the account of a check holder in a bank or any other depository institution. The purpose of checks is similar to that of money, easing transactions. One needs to keep in mind certain things to avoid problems on a later date. Take care that you use a proper pen, preferably use an ink pen. All the information should be filed in carefully. Look out that the numerical and written check amounts match. In case of cancellation of a check, be sure to keep an account of it. That will help you in matching and reconciling your accounts. When you sign, sign in a legible manner since a scrawl is easier to copy. Draw a line once you are through filling the amount of a check. The line ensures that the blank space cannot be filled later. The banks have a certain set of rules and regulations in order to protect themselves against frauds. In order to cash a check at times you might even have to give your thumbprints in case of getting a check encashed at a bank other than where you have an account. The state law does not enlist the means of identification of a person. It is up to a bank to decide the means of verification. In most cases it is the ID of a person. The banks have the liberty of refusing a check that could have been issued by the Government also at times. This is again done by the banks to protect against the risk. The customer might be a trickster and once the check is encashed the bank never gets to see that person again. Moreover, a bank might not have the requisite cash for offsetting the credit. The banks may be ready to go that extra bit for their own customers but not in case of non-customers. A bank is also not obliged to pay for a stale check dating more than six months, with the exception of a certified check. In the case of bad checks the state law imposes a criminal penalty. A bad check means refusal of payment upon the presentation of the check, which is in the knowledge of the issuer. The penalty ranges from a misdemeanor to a Class D felony, depending upon the amount of the check. A customer has a right to stop payment on the check by giving the bank a clear notice that it has reasons to stop it. An oral order has to be backed by a written complaint within a period of 15 days. The order for a stop payment holds good for six months. About the Author: Click on to http://www.fdxcheck.com and find a most interesting site with your host, Sintilia Miecevole. You can check out all kinds of checks such as personal checks, banks, spyware, sports, background checks, private investigators, tax returns, vertifications and much more. Visit http://www.fdxcheck.com for further information. keywords: Checks | Check | Banking

Get your Checks questions answered... Subscribe to our Checks Newsletter FREE! Your First Name: Your Email Address: Enter above security code

Home  |   Checks Blog  |   Ask the Checks Expert  |   Checks Archive  |   Checks RSS Feeds  |   Advertise  |   Sitemap