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Using Checks and Other Payment Methods

AB
The drawerthe owner of a checking account.
Forgeryis illegally signing ones name.
A stop payment order may be usedif a check is lost or stolen.
A certified check is apersonal check for which the bank has guaranteed payment
Traveler's checksrequire the user to sign the check twice.
Money orders areissued by various agencies and financial institution.
The person to whom a check is written is thepayee,eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee,,,,,,,,,,,,,,, payee.
Drawerbank or other financial institution
Writing another person's signature on a check without his or her permissionis forgery.
Writing checks for more than the amount deposited in an account is calledoverdrawing.
A postdated check refers to a check tha isdated later than the date on which it is written.
If a check is lost, you should consider completinga stop-payment order.
When accepting a check, be sure toobtain proper identification.
A certified check is a`personal check which a bank has guaranteed payment.
A cashier's checkis a check that a bank draws on its own in-house funds
Use a money order to send money to a company in another stateif you have no checking account,


Teacher
Glorious Church of God in Christ
Roanoke , VA

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