![]() The memo section could be used in legal disputes, so make sure filling it out wisely.Īt the bottom of every cheque you see a bunch of numbers. Click here for more information about GST. In this case you may add the GST amount included in this cheque to ease the job of your accountant in the future. If you own a GST account then you may be able to claim the GST you are paying (applies to business owners). This could especially be useful to your accountant. Memo: You may add a few words which reminds you or the bearer why you have drawn this cheque. However, if you write both dollars and cents in letters it is accepted by the banks. It is common to write the dollar amount in letters and then, the cents on top of the slash to the right of this line in numbers. There is also a line right below the “Pay to the order of” line which you need to write the amount in letters. A better method which could help reducing the chance of mistakes is to write the cents amount on top of a horizontal line extended from the middle of the last number of the dollar amount (here 4). If the amount includes cents then you may place a dot between the dollar an cents amounts (for example 24.32). ![]() $: Enter the amount of check in the white box in numbers. Be careful with this field to avoid any abuse of your cheques. If you type an irrelevant text such as “Happy Birthday” then anybody can cash the cheque. If you want to cash the cheque yourself you may type in “myself” or your own name. If you leave this space empty or enter “bearer” or “cash” then anybody can cash the cheque. Pay to the order of: This is the person or company who is eligible to cash the cheque (the bearer of the cheque). If you are in doubt ask your bank about the acceptable method of entering the date. I personally prefer entering the date in the form of MMM/DD, YY (for example Nov/22,09). If not, you have the freedom to use your own method. Some of the cheques clearly mention how to enter the date with watermarks (faded text). ![]() Many banks allow you to add your email address and/or telephone number if you are willing to.Ġ75: This is the cheque number and is unique for every piece of cheque.ĭate: An acceptable form of entering date is YYYY-MM-DD (year-month-day) for example. The preceding information is usually printed on the cheque. ![]() It usually consists of the street (house) number, the street name, and the suite or apartment number if applicable. Name: The name of the account holder (the person who draws the cheque).Īddress: The street address of the account holder. The image is a sample only and is based on an RBC (Royal Bank of Canada) personal cheque.ĭifferent parts of the cheque from left to right and top to bottom are as follows. The following image shows a typical personal cheque in Canada. The one that you use for your daily transactions, grocery purchase, receiving your salary, and so on. This is usually the most accessible type of account. When you open a bank account that comes with a cheque book then you are opening a chequing account. The latter means “to verifying” among many other meanings. “Cheque” is more often spelled with “ que” in Canada rather than “Check”. This post helps you understand how to draw cheques (write a cheque) and how to cash cheques (turn cheques into money). When you land in Canada as a new immigrant you need to be able to handle bank cheques.
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