Accounting And Payroll

Four Things You Need to Know About Your Checks


The banking world has come up with many tools to facilitate a better flow of currencies. Cards, bank books, bearer bonds and checks are just some of the most used means to pay for transactions in our day-to-day lives.

For those who have been using checks as a preferred means of payment, ask yourself this question: am I using my checks to their full extent? Here are some facts that you need to know about that little piece of paper:

1. You can order online.

Yes, this is right. Your financial institution must have some kind of online option where you can order checks. You can also browse through different companies that offer this kind of service. All you need to do is to enter pertinent information as to where you want them mailed, as well as the payment option. Take note of the account numbers in case your order did not arrive on the targeted date.

2. You can support a charitable cause.

Checks have designs too and some of these cater to a particular charity. Ask your bank what organization they support. This is beneficial in two ways: 1) you can show your support since part of your purchase will go to that charity; and 2) you can help raise other people’s awareness about a specific cause.

3. You can have them customized.

According to Salehoo, some banks and third-party companies offer services such as personalizing your checks. If you want every payment to show more of your interests, here are a couple of ideas you can base your designs on:

  • Your favorite team. Whichever team you’re rooting for—be it in the NBA, the NFL, or other sporting teams—you can show it through your checkbook. Who knows? You may hand them in to a fellow fan.
  • Your favorite cartoon character. If you are a child at heart and want to be a little playful every time you hand in your payments, then you can either pick an existing design of your favorite cartoon character of have them customized based on the image of your choice.

4. You can cancel your payments.

Let’s say you issued a check but you made a miscalculation of the remaining balance in your account. You do not want to be charged with a return item fee for that, right? One good way to avoid this is by making sure that you call the bank immediately and have the payment cancelled. Your banks may charge a fee for this kind of transaction, but it is a small fee compared to having a bounced check.

If you have more facts regarding checks that you can share with your fellow readers, feel free to leave a comment below.