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March 6, 2007

What's in a Personal Check?

Personal checks contain certain information that typically includes date of issue, amount of currency (in words and figures), account number, check number, place of issue, payee as well as the signature of the drawer. The drawer or maker is the depositor or person who is writing the check.

The payee is the person or entity to which the amount of money specified on the personal check is to be paid. The drawee is the bank where the check can be cashed. Funds backing these checks make for a smooth transaction between parties allowing for payment for goods and services.

Checks come in a huge variety of styles, designs and colors. Ordering checks online can help save over bank markups. Banks are only the middleman between check printers and the customer. By ordering direct you can save up to 50% off bank charges plus you’ll get faster service.

Besides, designer personal checks reduce the risk of forgery since the banks can identify an account-holder from a specific design on the check. Designer checks usually come with intricate designs and patterns that are not easy to duplicate.

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