What should be checked before accepting a check? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What should be checked before accepting a check?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Check the beneficiary's name, the amount (both numerals and words), the date, the visible signature, and ensure there are no erasures or alterations.

Also, check the bank's name.

Most importantly: a check does not guarantee sufficient funds on the date of presentation.

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