How to Write a Cheque in Cents

By | January 6, 2023

In recent years, credit and debit cards, as well as cell phone payments, have all surpassed personal cheques. It is becoming less prevalent as the most preferred form of payment. With the widespread usage of debit cards, credit cards, internet banking, and direct deposit, paper checks and cashier’s checks may not be as ubiquitous as they once were.

How to write a Check in cents

However, learning how to properly write a check with dollar and cent values is critical. Above all essential for lowering your risk of fraud or check denial. These risks can be avoided with cheque printing software.

What is a Cheque or check

A cheque, or check, is a document that instructs a bank to pay a certain amount of money. Money from a person’s account to the person named on the cheque. The drawer, or person who writes the cheque, has a transaction banking account where the money is kept. The drawer puts numerous data on the cheque, including the monetary amount, date, and payee, then signs it. And then instructs their bank, known as the drawee, to pay the amount mentioned to the payee via the cheque.

How to write a Check in cents

When writing a check, you must indicate the amount in both dollars and cents. This is to prevent fraudsters from appending an extra digit to the end of the amount and altering the check’s value. Nowadays Cheque printing software is available in the market with a wide variety of templates, which makes it easier to work around cheques. Else if you prefer manually writing cheques, you could refer to the below guidelines.

Fill in the “amount” field with a monetary value.

The amount box is on the check’s right side, below the “Date” line and to the right of the “Pay to the Order Of” line. It has a sign to the left of it that represents the money, such as $ or £. Fill in the amount of the cheque you wish to write in this field using numbers. Use a decimal point to separate the dollar number and the cent amount- 47.50, for example.

Write The Amount In Words

Also write the amount in words. There is a second line that finishes with the name of the currency Dollars are spelled as such throughout the text, while cents are expressed as a fraction of 100 because 100 cents equal one dollar. As a result, the amount X is X/100 of a dollar. A cheque printing software prints this automatically along with the printed amount.

Enter the payee in the “Pay to the Order of Line” field.

In this section, insert the name of the firm or person to whom you are sending the check. Use the right name so that the person or business to whom you are sending the cheque can deposit or cash it. If you’re writing a check to a specific person, provide their first and last name. If you’re writing to a company, fill in the blanks with whatever they’ve requested you to, cheque writing software prints this hassle-free.

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Correct Date at the right corner

Check that your check has the current date in the upper right-hand corner. In certain cases, it is even criminal to backdate a check. This can lead to a bounced check or an overdraft. A cheque printing software avoids this for you by adding the correct date.

Fill out the “For” or “Memo” area 

If the person or firm you are paying does not require anything unusual, you may put whatever you wish in the “for” or note section to help you remember what the check was for. Some companies prefer that you provide your account number or an invoice number in the note area so that they can keep track of what you’re paying for. A cheque printing software does the same for you, all you need to do is enter the necessary information.

Signature on your check

The most significant portion is the signature, which is located on the bottom right-hand side of the check, across the note line. A signature must be authentic and identical to the signature on official papers. Moreover should match bank receipts from when the account was initially created.

Conclusion

One thing to remember is that if the amount of the check exceeds the amount of the money, the bank will pay on your behalf and add it to your account as an overdraft or may refuse to pay it. This is known as “Bouncing A Cheques.” This demands extra cash as fees, and repeated occurrences result in the bank closing your account. You would subsequently be unable to open any other accounts.

Elate Cheque Printing Software apps allow you to print and manage cheques. Cheque printing software allows for printed statements and generates competent printed checks and reports with all of the essential information. Information such as the payee’s name, number, amount, date, and account payee, among other things in the cheque printing software. Quickly print all functional bank checks with Cheque printing software.