You just opened a new bank account and the teller hands you a checkbook.
You think: What is this and what do I do with it?
Checks may seem old-school, but you need to use them now and then.
*If you're a bit fuzzy on the basics of opening a checking account, be sure to read this Byte first.
Why Write A Check?
You'll probably use your debit card or online payments for regular purchases and bills, but some situations require writing a check:
Downpayment on rent 🏘️
Monetary gifts, like wedding gifts or birthday money you send in the mail 🎁
Opening an investment account 💰
Paying people or vendors that don't have online accounts 💲
If you lose access to the internet for a period of time, like during a storm 🌩️
Let's Do This!
Write today's date either fully, like: August 21, 2021 or abbreviated, like: 8/21/21.
"Pay to the Order of" line
Write the name of the person or company you're paying the check to.
Write the amount of money you're paying, like this: $125.00 or $53.21.
Line that ends with "Dollars"
Write the amount out, like this: One hundred twenty five and xx/100 or Fifty three and 21/100. Note: cents are always written in the cc/100 format.
Sign your name as it appears at the top of the check.
This line is optional. You can make a note to remind yourself what the payment was for, or even to give a message to the recipient like, "Happy Birthday!"
Jane needs to write a check for $2,500.31. How should she write this on her check in line #4?
Here's an example of a check written in the amount of $1,250.00:
Now that you know how to write a check, practice your new skill by writing one the next time you owe money to a friend. They'll be impressed!