This can make it easy for someone to pay money into your account using some form of electronic transfer.ġ An available cheque, in this sense, is one which hasn't been written on by the owner of the account - it just has the standard information added by the bank: name and address, bank name and address, cheque number, account number, etc.Ģ The United States of America comprises 50 states that have slowly been gathered together since 1776. Void cheques can be a convenient way of providing someone with your bank details. That's just a fancy finance term for a blank cheque - obscure jargon ever being a means to justify high salaries. To use either type of blank cheque, simply fill in an amount in the 'amount payable' sections (once in numbers and once in words) making sure that it is less than any stated maximum, and pay it into your account as normal.Īlternatively, keep it, and tell your friends about your 'inchoate instrument' to show off your general knowledge. You could present a limited blank cheque with 'no more than five hundred pounds (Ł500) only' written on it, and if your representative wins the auction s/he can fill in the exact amount and hand over the cheque. For example, suppose you've asked a friend to buy a certain painting at auction, up to a limit of Ł500. Limited blank cheques are used for a variety of purposes. Proceed as for an unlimited blank cheque. The best place to write this is probably at the bottom of the cheque under the 'amount payable' section. This will ensure that the recipient cannot withdraw more than Ł100 using the cheque. ![]() Write on the cheque, for example, 'Not more than one hundred pounds (Ł100) only'. Obtain available cheque and writing implement as normal. Writing a limited blank cheque is very similar to an unlimited blank cheque. Money may not be able to buy happiness, but a lack of money can certainly create a lot of misery. Under no circumstances give an unlimited blank cheque to someone who may fill in an outrageously large amount of money and cash it in and run away to a tropical island. Procedures may vary around the world, for example in the USA 2 they do not have cheques, only checks. Your cheque is now ready for presentation, mailing, dropping or whatever other purpose you require it for. Remove cheque from chequebook, taking care to avoid papercuts. (Optional) Fill out the cheque book stub to make things easier when reconciling your next bank statement. Sign bottom right-hand corner of the cheque, and date the top right-hand corner of the cheque. If you do not fill this section in, then anyone can cash your cheque. This will make it harder for someone else who obtains the cheque to cash it. (Optional) Write the recipient's name on the 'Pay' section of the cheque. Ballpoint pens are probably best for this purpose, as pencils and crayons tend to be unacceptable to the bank. It must be your chequebook: writing blank cheques using someone else's chequebook is probably illegal.įind a suitable writing implement. Locate chequebook and find an available 1 cheque. then you may wish to fill out a blank cheque. Wondered how the European Union spends all that money.Needed to know what it's like to walk in the boots of Bill Gates or Howard Hughes.Wanted to be a big spender just once in your lifetime. ![]() ![]()
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