The question is: do you know how to write a check safely? By tapping into your checking account, scammers can wreak havoc with your finances. If you know how to write checks using some of the techniques below, you'll improve your chances against scammers.
Use ALL CAPS.
When you write dollar amounts (and even the recipient's name) you should use capital letters. Caps are harder to alter than lowercase letters.
How to Write bank checks that Can't Grow. When you're filling in the dollar amount, make sure you print the value in a way that scammers can't add numbers to it. Do this by starting at the far left edge of the space, and draw a line after the last digit. For example, if your check is for $123, put the "1" as far to the left as possible. Then, draw a line from the right side of the "3" to the end of the space.
Consistency in Your Signature
Each time you sign order checks, use the same signature. By using a consistent signature, your bank will have an easier time identifying fraudulent checks. If they research your file and find that you sign differently every time, they might let a few suspicious checks slip through before you notice.
Don't Sign Too Early. Speaking of signatures, please don't sign blank checks. This is fairly obvious, but you'd be surprised how often it happens. Sometimes we don't know the name and/or amount for the check so we sign and carry the check around. It's much safer just to carry a pen.
Thursday, October 27, 2011
How to sign correct Checks
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