Skip to content
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • Vimeo
Our Daily News Online

Latest Entertainment, Sports and Technology News From Around the Globe

  • Home
    • Advertising
    • Career Opportunities
    • Press Releases
  • News
    • Business
    • Business Wire
    • PR Newswire
    • GlobeNewsWire
    • Media OutReach News
    • VRI Times
  • Entertainment
    • Movies
    • Television
  • Lifestyles
    • Arts and Crafts
    • Automotive
    • Food
    • Health
  • Sports
    • Basketball
      • NBA
      • PBA
    • Football
    • Golf
    • Tennis
    • Esports
  • Technology
    • Gaming
    • Reviews
  • Fiction
    • Heartstrings & Storylines
      • The Silent Love of Johnny and Margaret
    • Horror stories
      • The Thousand-Eyed Mask
  • Home
  • 2016
  • April
  • 30
  • Basic Information about Checks You Need to Know

Basic Information about Checks You Need to Know

  • ODN Staff
  • April 30, 2016
  • Business
0Shares

post 4

If it is your first time to receive a check and use the services of check cashing company, you will find it beneficial to be acquainted with the terms related to checks to cash activities. Why is this so? It is to speed up the encashment process so you do not have to ask many questions from time to time when a staff will ask you about the face value, due date, signatory, and many others. So read on to learn more about this process.

What is a Check?
It is a signed, dated, and written instrument which contains an order from the check issuer that directs the designated bank to pay the holder with the amount indicated in the check. The money is taken from a bank’s checking account. It is a legal bill of exchange without actual exchange of money or as a substitute for legal tender or currency.

Different Components of a Check
Here are different components of a check. Take note that checks do not look alike but all these components are present in different kinds of check.

  • Name of the account owner which usually appears at the upper right hand corner of the document.
  • Payee line is the space provided to whom the check is issued to.
  • The amount box is where you put the numerical figure of the amount to be paid.
  • The amount in words line.
  • Date line, which is the date where the check is supposed to be presented as payment or for cash conversion.
  • Signature line is the space provided where the check owners validates the check by affixing his or her signature.
  • Check number which is relevant for monitoring purposes of check transactions, both for the payee and the payer.
  • Account number which indicates that the payor has a valid checking account with the designated bank.
  • Bank information which indicates the name of the bank, the branch or office that the check will be presented as well as address and contact numbers.
  • The back of the check is the space where the payee will endorse the check.

What You Should Not Do with the Check
All of the components of the check mentioned above are very relevant as these are the details which check cashing companies need in order to verify that your check is valid and funded. But there are just some things that you should not do with it so it will not bounce. Some of which are as follows:

  • You should not tamper it as you need to have the tampered portions signed by the payor and of course this takes time and will be very inconvenient especially if you need cash badly.
  • You should not deface or ruin the check especially nowadays where technological imprints are embedded into the check as a tool for check verification. Ruining the face of your check might hamper its readability with scanners and other bank tools or instruments to verify its validity. Thus, you might need to go back to the issuer and issue another one for you.

Now that you know some basic information about checks, we hope that you will no longer be confused as to what things you should verify when you receive a check or when dealing with check cashing companies.

0Shares

Post navigation

Prev
Next
4 Innovative Uses for Shipping Containers
  • Business

4 Innovative Uses for Shipping Containers

  • Staff Writer
  • June 28, 2025
  • 0
Midea expands AI cooling in Southeast Asia after Red Dot win for Numen series
  • Business
  • Technology

Midea expands AI cooling in Southeast Asia after Red Dot win for Numen series

  • ODN Staff
  • June 6, 2025
SolX Technologies connects EPCs to solar opportunities with transparent bidding system
  • Business

SolX Technologies connects EPCs to solar opportunities with transparent bidding system

  • ODN Staff
  • June 6, 2025
4 of the Most Common Weld Defects You Should Know
  • Arts and Crafts
  • Business

4 of the Most Common Weld Defects You Should Know

  • Staff Writer
  • June 6, 2025

Recent Posts

  • Tara! Let’s explore Cavite: a heritage road trip via CAVITEX
  • Sony launches WH-1000XM6 in PH with music and fashion fusion
  • Allied Forces showcase unmatched strength and precision in KAMANDAG 9 CJADO
  • Changing of the Guard and Silent Drill Exhibition Set for June 29 at Rizal Park
  • Medieval Dynasty unveils tree planting, fresh customization DLCs and original soundtrack volume 2

RSS Sports Bytes Philippines

  • Cignal shocks Creamline with clutch straight-sets win in PVL On Tour
  • PLDT starts strong in PVL On Tour with win over Farm Fresh
  • Denice Zamboanga targets return at ONE 173 in Tokyo
  • PH to host FIVB Volleyball Men’s World Championship 2025
  • Paras to lead Philippine Youth Basketball Championship as commissioner

RSS Ecofriendly Tips

  • Trans leader Jean Golong demands climate justice at Pride 2025 in Filipiniana statement gown
  • Greenpeace partners with LoveLaban Pride to amplify climate justice and LGBTQIA+ voices
  • Vermosa Green Run 2025: Join the Race for Sustainability, Youth Sports, and Animal Welfare
  • Greenpeace urges PH to back plastics treaty with bold action after UN Ocean Conference
  • Greenpeace Philippines calls for strong Global Plastics Treaty on World Environment Day

RSS VRI Times

  • Popolo Music Group Launches the Philippines’ First P-Pop Trainee Program
  • The Great AI Retention Paradox: Despite 62% Workplace AI Adoption, Filipino Workers Stay for Friends, Not Features
  • An Interview with Amber Zhao, Director of Operations at Artyzen Habitat Hengqin Zhuhai, on the Future of Technology and Green Hotels
  • Top 11 Meme Coins and Altcoins to Watch in July 2025, Potential to Reach ATH in This Month!
  • Solana (SOL) Price Prediction July 2025, Is a Bullish Breakout on the Horizon?

RSS GlobeNewswire

  • Orion Energy Systems, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
  • ODW, the French Creative Agency accompanying US brands grow across Europe with Entertainment-Driven campaigns
  • T-Pain and Clinton Sparks Officially Launch the Global Gaming League in Las Vegas
  • Redodo’s Best Prime Day Deals 2025 Save Up to 55% on LiFePO4 Batteries
  • ACMI Appoints Seven New Advisors Including Freedom’s Forge Author, Arthur L. Herman

SiteLock

Our Daily News Online