With that number, other banks can get in touch with your bank and collect funds from your account when you write a check. If you want to cash the check, you may be able to do it at that bank (any branch location—not necessarily at the same address shown on the check). This section should include a specific name of a person or business that is authorized to deposit the check or cash it. This is entirely optional and it can be written in informal terms. Make sure check orders come out correctly. This is a security feature, and the signature can be compared to the account holder's signature on file. This box is sometimes called the "courtesy box" because it appears on the check as a courtesy or convenience. "Can a Bank Refuse to Cash My Check?" Can I Cash a Check at Any Bank or Credit Union. For security, you want to make it as difficult as possible for someone to alter the number you write in this box. Federal Reserve Consumer Help. Write the amount of your check in numerical format (for example, "1,250.00" instead of "one thousand two hundred fifty") in the dollar box.   This number usually appears in two places, both the upper- and lower-right corners. The payer signs the check at the line on the bottom right-hand corner of the check. However, you should not use the back of the check for writing any memo information. That's because words are harder to alter than numbers. Is it a law or a policy decision? Find the perfect Cashiers Check stock photos and editorial news pictures from Getty Images. According to the banking analysis by MyBankTracker, the average cost of a cashier’s check was $9.10 at the ten biggest banks in America. Don’t spend the money unless you’re confident that it’ll actually be there, and verify with your bank, just to be safe. cashier's check. He covers banking and loans and has nearly two decades of experience writing about personal finance. This shows who signed the check. "Can I Cash a Check at Any Bank or Credit Union?" 29, 2020. The check amount is written using numerals here (instead of words, which you’ll see in Number 4), so you can quickly glance and read how much the check is for. You might also find handwritten personal information in this area (a cashier might require a phone number or driver’s license number in order to accept a check). Never accept a personal or business check, cashier's check, or money order for more than the purchase price of a product or service and agree to send part of the overpayment to someone else. What Do I Need to Know About the Information on the Back of My Checks? A cashier’s check is often requested as payment for big purchases, like the down payment on a home. Once you’ve paid the face value of the check and the associated fee, if any, the bank will assume full responsibility for covering the check upon cashing. Consumer Financial Protection Bureau. A cheque, or check (American English; see spelling differences), is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing or checking account) where their money is held. Accessed June 4, 2020. On this line, cents are written as fractions of a dollar, rather than as full cents. What's the Difference Between a Checking and Savings Account? He then pays this money to the institution that creates the certificate, which is often the buyer’s own bank. In some cases, the number is elsewhere, but if you're working with a personal check, you should look toward the upper right. Sometimes people print fake checks, and it can take a while for your bank to figure out that you were scammed. 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