Parts of a Check

Front

What is the term for the person or entity that writes a check?

Back

Payor

Front

What is the term for the person or entity receiving the payment on a check?

Back

Payee

Front

What is the purpose of the date on a check?

Back

To indicate when the check was written.

Front

What is the significance of the check number?

Back

It helps to identify and track the check in the bank's records.

Front

Where can you find the account number on a check?

Back

It is usually located at the bottom of the check.

Front

What does the routing number on a check represent?

Back

It identifies the bank that holds the account.

Front

What is the purpose of the signature on a check?

Back

It authorizes the bank to process the payment.

Front

What is the term for the amount of money written in words on a check?

Back

Amount in words.

Front

What is the memo section of a check used for?

Back

To provide a note or purpose for the payment.

Front

How many times does the check number appear on a check?

Back

More than once.