HUMS 202: Module 3: Check it Out: Part 2-Writing A Check- 3 Stepso Make sure you have enough money in your account Record every deposit and withdrawal in your check register Verify the account balance is accurateo Complete all of the blank spaces The Date- Month, Day and Year Pay to the order of- Write the name of the person or company that you want to receive the money- After writing the name, you can draw a line to the end of the space o This prevents anyone from adding an additional name onto the check The dollar amount of the check in numbers- (i.e.: $19.75) The dollar amount of the check in words- After writing the amount of the check, draw a line to the endo To prevent anyone from adding an additional digit after what you have writteno (i.e. : Nineteen 75/100) The Memo Section- Writing in this area s optional- You can use it to remind yourself why you wrote the check- Or, record the account number of the bill you are paying Signature Line- Sign your name hereo Record the transaction in your check register Remember to always record your purchases in your check registerWays to take money out of your account- Writing a checko Write “Cash” or your name in the “Pay of Order to” area on your check Do not write “Cash” until you are in the bank- If you write it before then and lose the check, anyone can cash ito Present it to a teller at your banko Teller will have you endorse the back of the check As a record of who is actually cashing ito Remember to record it in your check register- Using an ATMo Insert your ATM cardo Follow the instructions on the screeno Take your money and ATM card- Using the teller service and withdrawal slipo Fill in The Date Account number and account type The amount you wish to withdraw in words- Again in numbers Your name - Print and sign- Receiving cash back from a purchaseOverdraft Fees- Occurs when you do not have enough money in your account to cover a transaction- Check Overdraftso Bad Checkso Bounced Checkso Stores will charge a fee for o NSF = Non-Sufficient Funds- Avoiding Overdraft Feeso Keep track of how much money you have in your checking account By keeping your check register up to dateo Paying special attention to track your electronic transactions (ATM, Debit Card and Online Transactionso Remember to record automatic bill payments and checks you writeo Review your account statements each month and reconcile them with your check registero See if you can get email of cellphone alerts from your bank when your balance is runninglowo Keep extra funds in your account as a cushionReconciling your checking account- Balancing your checkbooko Keeping your check register up-to-date by recording all transactions and maintaining totalsUsing Electronic Banking- Use of computers to move money to and from your bank account without the use of checks- Typeso ATMo Automatic Bill Payo Online Bill Payo Cell Phone Banking- Electronic Banking Serviceso Statements and Alertso Money deposits, transfers and withdrawalso Bill payment serviceso Debit Card Replacement and check orderingo Account maintenance and informationo Customer service via email or online chatSteps to Keeping Accurate Account Records- Record all transactions in your check register or budgeting software- Record Maintenance fees, interest and other banking charges- Review monthly checking account statements- Reconcile your check register with monthly checking account