How to Cash a Personal Check? How to cash personal checks?
In fact, some of my purses even had a special compartment that provided easy access to my oft-used pad of checks.
Nowadays, however, I leave my checkbook at home. This change in consumer behavior is the result of several factors, including the introduction of more convenient payment methods, the growth in online shoppingconcerns about fraud and identity theftand a desire to avoid bounced check fees.
For many people, it is faster and simpler to swipe a debit or credit card than it is to write out a check while shopping at brick and mortar establishments. Many online merchants only accept credit and debit cards. Online bill payment services make sending payments easier by automating the process.
Security is another reason for the decline in use of paper checks. If a checkbook is lost or stolen, victims might face a nightmare of trying to undo the damage. Additionally, personal checks often contain a wealth of personal and banking information for identity thieves and other scammers.
Since money is not withdrawn immediately from a bank account when someone writes a paper check, bouncing checks and paying high fees becomes more of a concern. However, in spite of all this, there are a few compelling reasons not to ditch your checkbook entirely.
Why You Still Need Paper Checks Sometimes it makes more sense or is your only choice to use a paper check instead of another means of payment. Here are several ways checks can be more convenient, save you money, or protect your finances: Utility companies and government agencies may accept credit or debit cards, but only through third-party processors.
These payment processors charge a fee every time you use a credit card to make a payment. Stores rely on electronic equipment to process debit and credit card transactions. Since the ATMs are also likely to be out of service, a paper check may be the only way that you can buy food and other necessary supplies for you and your family.
These businesses include insurance agents and companies, some government offices, tradespeople, organizations such as churches, fraternal lodges, and community groups that charge dues or accept donations, and landlords. You may also occasionally encounter an old-fashioned retail business owner who abhors plastic but who is happy to take your check.
Credit card processors and banks charge businesses a fee when customers pay with a credit card. This fee can take a big bite out of small purchases, so many businesses set a minimum amount for credit card purchases.
When you mail someone a paper check, you can select the type of mail service that you want to use, along with a tracking method. Being able to document the mailing date of a payment can be important with some types of payments, such as insurance premiums or taxes.
If there is any dispute over your payment, you can easily produce your mailing receipt and provide the business or creditor with a copy of your canceled check.
If you paid with a money order, particularly a non-bank money order, tracing the payment can be costly and time-consuming.
Gift recipients can deposit your check into their bank accounts and spend the cash however they like, unlike gift cardswhich may be restricted to a merchant, can only be used at merchants that accept a particular credit card brand, or charge fees for maintenance or cash withdrawals at an ATM.
My bank charges five dollars for a money order. Even postal money orders cost over a dollar each, more if issued in international currency. Non-bank money orders often cost less, but their issuers may charge high tracing or replacement fees if the money order is lost or destroyed.
Of course, there are circumstances where money orders are more appropriate, such as when a payee asks for guaranteed funds or you need to complete a financial transaction quickly without waiting for a check to clear.
Here are some tips: Keep your paper checks in a safe place at home. Ditto for boxes of extra checks.
Keep this information in a safe place: Record Your Check Use. Record every check you write in your checkbook register.
Some check printers provide duplicate check pads that leave you with a carbon copy of each check you write. Only Use Checks When Necessary. When possible, use cash, plastic or electronic payment systems to pay bills or for purchases. Even if a business owner is completely honorable, an employee or thief may get a hold of your check and use it to steal your identity or money.
Securely Mail Your Checks. Place the envelope containing your check in a postal service mailbox, or bring it directly to the post office. Your check should contain your name, address, and nothing more. More information makes it easier for identity thieves to impersonate and harm you.
Protect Checking Account Information.There’s also a limit on how much you can write the check for. “When used for a cash advance,” McClary says, “you’re charged the credit card . Jan 08, · cashing a check for my child.
you sign the back of the check and cash it at your bank. Bring the birth certificate. If the child can write, you would have the child sign their name and.
The ability to write checks from your checking account allows you to pay bills or send money to service providers or relatives more securely than using cash – and less expensively and more.
Also you can deposit the check to another account, or just cash it. To do this, simply put your name on the line that says “Pay to the order of” (or similar); avoid making a check payable to “Cash” for security reasons.
Simply sign the convenience check, sometimes called a cash advance check or access check, and you can pay a bill or make the check payable to yourself for easy money. There's no paperwork to fill out and no waiting for an answer on whether you'll get the money.
So you can't write checks if you've never written checks?
Sounds like a Catch — and indeed, that’s exactly what Robert from Vermont complained about in November: A check reader used for.