Jack & Bean
The Lost Art of How to Read a Check
Once one of the most popular forms of payment, checks have now fallen to the wayside as credit cards and digital payments have overtaken them. While checks are sometimes considered old-fashioned, they can be a great way to keep track of your budget and even be safer than cash when you come across a business that doesn’t accept cards.
Since checks aren’t used as frequently as other payment methods, it’s helpful to have a refresher to learn exactly how to read a check and understand what the numbers and different lines mean when you come across one.
Why You Should Learn To Read a Check
In a world of digital transactions, it’s helpful to have checks on hand. Many businesses prefer paper checks to cut down on transaction fees. They are also helpful in paying utilities and other bills to keep a manual record. Finally, checks make a safer gift than cash but still allow the recipient the ability to buy what they want instead of a gift card.
1. Personal Information
In the top left corner of the check, you will find the details about the checking account owner. This includes the account owner’s name, address, and sometimes phone number.
The name section is the owner of the check – the individual whose personal or business account the money will come from.
If your cashier asks you to include a license number on the check, or if you’ve recently moved and need to include your updated address, you can write those details in the space underneath the printed name and address. As long as your notes don’t get in the way of any important information, the check will still be considered valid and can be cashed.