Check Payment Article For Free

Step 2: Who is this check for? The next line on the check, ?Pay to the order of,? is where you write the name of the person or company you want to pay. You can also just write the word ?cash? if you don't know the person or organization's exact name.

You probably will be able to tell how your check was processed, after the fact, by looking at your bank statement. Your bank is required to list every EFT transaction in your monthly bank statement, including the dollar amount, the date the transaction cleared, and the name of the recipient.

A check is a written, dated, and signed draft that directs a bank to pay a specific sum of money to the bearer. The person or entity writing the check is known as the payor or drawer, while the person to whom the check is written is the payee. The drawee, on the other hand, is the bank on which the check is drawn.

On the line that says ?Pay to the order of,? write the name of the individual or company you'd like to pay, known as the payee. Use the payee's full name instead of a nickname. If you don't know the exact name, you can write ?cash? here. Be aware that if a check is made out to cash, anyone can cash or deposit it.

A check payable to cash has the word "Cash" on the line where you normally write the payee's name. Because, in this instance, the check is not payable to a particular person or organization?anybody who has possession of the check can cash or deposit the check.

When you see MP on your checks, usually near the signature line, it means that the printer used microprint as one of the check's security features. On checks, the signature lines on both the front and back are typically printed with microprint.

Write ?Pay to the Order of? and the third party's name below your signature. It's important to write the name of the person that you are signing the check over to in the endorsement area under your signature.

Date your check.Write the name of the person or business you're paying next to Pay to the order of. Get the name correct and make sure it's legible.Write the amount of the check in numeric format.Write out the amount of the check in words.Sign the check.

How to Write a Check Step 1: Date the check. Write the date on the line at the top right-hand corner.Step 2: Who is this check for?Step 3: Write the payment amount in numbers.Step 4: Write the payment amount in words.Step 5: Write a memo.Step 6: Sign the check.

Direct deposit has been in effect there since the mid-1970s, says Alfred Beausey, manager of payroll operations. About 85 percent of the company's 60,000 employees have their pay ``wired'' into more than 7,000 banks.