All cheques have to show the
date, month, and year.
insert your account number if you
are writing a cheque that is not
reprinted.
The amount must appear both in
numbers and in words. Most
financial institutions will not cash
a cheque if the amounts are not
the same.
Staledated cheques are cheques
that are older than 6 months and
are not accepted. Postdating a Name of the person or business
cheque means to put a date on to home the cheque was written
the cheque that is later than the to.
date it was written.
It is your financial institution. Its
logo, name, and address are
usually preprinted on the front of
the cheque
The drawer is the person from
whose account the money will be
taken. The drawer must sign the
cheque.
 Some cheques have a section using a special ink that changes colour when it is rubbed.
Other security features include watermarks and fibres that can be seen only under

fluorescent light.

If the cheque you have written was lost or stolen, or there is some other reason you do not
want the cheque to be cashed, then you have the right to stop the payment. The form
requires your account number, the date the cheque was written, the cheque number, the
payee's number, the exact amount, and your signature.The financial institution requires a fee
to stop the payment.

Representatives of financial institutions exchange cheques and computer records through

their regional data centres. After being sorted, cheques are shipped to the individual

financial institutions. The individual financial institutions process the cheques further and

take the money from the drawer's account. CHeques move through the clearing process

quicjly and accurately, due to processes such as magnetic ink character coding.

MICR is a string of code written across the bottom of any preprinted cheque in special ink.
To do this, an institution processes a cheque through an electric sorting machine and the
encoding line is thus magnetized. This technology is used to verify the legitimacy of
originality of the cheques.

With a hold, there is a delay before you take the money in cash. The hold gives the intitution
time to clear the cheque and to make sure that you or the financial institution on which the
cheque is written do not present a risk.
 Shelly norman

Jennifer Singh
The Bank, Main Branch Toronto

July 29, 20__

015

$105.73

May 16, 20__

________Thomas Roberts__________________________ 67.80

________________ sixty seven_______________________________ 80

Gordon Franklin