Writing Checks & Deposit Slips

Front

What is a check?

Back

A check is a written order directing a bank to pay a specific amount of money from a person's account to another person or entity.

Front

What information is typically found on a check?

Back

A check usually includes the check number, date, payee's name, amount in numbers and words, signature, and the bank's name.

Front

What is a deposit slip?

Back

A deposit slip is a form used to deposit money into a bank account, detailing the amount being deposited and the account number.

Front

What does 'withdrawal' mean in banking?

Back

A withdrawal is the act of taking money out of a bank account.

Front

What is the purpose of writing the amount in words on a check?

Back

Writing the amount in words helps to prevent fraud and ensures clarity in the payment amount.

Front

What does the term 'payee' refer to?

Back

The payee is the person or entity to whom the check is written and who will receive the payment.

Front

What is the significance of the check number?

Back

The check number helps to identify and track individual checks for record-keeping and to prevent duplication.

Front

What should you do if you make a mistake on a check?

Back

If you make a mistake on a check, it's best to void the check and write a new one.

Front

What is the difference between a deposit and a withdrawal?

Back

A deposit adds money to a bank account, while a withdrawal takes money out of a bank account.

Front

What does 'total money putting into bank' refer to on a deposit slip?

Back

It refers to the total amount of cash and checks being deposited into the bank account.