How To Write 700 On A Check: A Comprehensive Guide
Writing a check might seem like a relic of the past in our digital age, but it’s still a necessary skill. Whether you’re paying a landlord, sending a gift, or settling a bill with a business that doesn’t accept electronic payments, knowing how to write 700 on a check accurately and securely is crucial. This guide breaks down the process step-by-step, ensuring you can confidently navigate this often-overlooked task.
1. The Anatomy of a Check: Understanding the Basics
Before diving into the specifics of writing the number “700,” it’s essential to understand the different sections of a standard check. Each area serves a purpose and contributes to the check’s functionality and security. Familiarizing yourself with these components will help you avoid common errors.
- Date: Located at the top right, this is where you write the current date.
- Payee: The “Pay to the order of” line is where you write the name of the person or business you are paying.
- Amount in Numbers: This is where you write the numerical amount of the payment.
- Amount in Words: This is where you write the amount in words, which is the most important part for accuracy.
- Memo: This optional section allows you to specify the purpose of the payment.
- Signature: Your signature is required to authorize the payment.
- Bank Information: Includes the bank’s name and address, along with the routing number and account number.
2. Writing the Numerical Amount: The First Step
The first step in writing a check for 700 dollars is to enter the amount numerically in the designated box. This box is usually located on the right side of the check, often with a dollar sign ($) already printed.
- Simply write “$700.00” in the box.
- Be precise. Always include the decimal point and the two zeros after the decimal to indicate the cents, even if it’s a whole dollar amount. This minimizes the chances of someone altering the amount.
3. Spelling Out the Amount: The Key to Accuracy
This is the most important part when writing how to write 700 on a check. The amount written in words is the legally binding amount. If there’s a discrepancy between the numerical and written amounts, the bank will typically honor the written amount.
- On the “Pay to the order of” line, immediately following the payee’s name, start writing the amount in words.
- Write “Seven hundred and 00/100.”
- Always start at the far left of the line. Fill the entire space. This prevents anyone from adding additional words or numbers before your written amount.
- The “and” is crucial to signal the cents portion. Since this is a whole dollar amount, you will write “and 00/100.”
4. Completing the Other Check Fields
Now that you’ve accurately written the monetary amount, you can move on to filling out the rest of the check.
- Date: Write the current date in the appropriate format (e.g., MM/DD/YYYY or Month, Day, Year).
- Payee: Write the full name of the person or business you are paying on the “Pay to the order of” line. Be sure to double-check the spelling.
- Memo: This section is for your records. You can write a brief description of the payment, like “Rent,” “Invoice #123,” or “Gift.”
- Signature: Sign the check legibly in the designated area. Your signature authorizes the payment.
5. Preventing Check Fraud: Security Measures
Check fraud is a serious concern. Protecting yourself against it is vital. Consider these precautions:
- Use a pen with permanent ink. Avoid erasable pens, as the ink can be easily altered.
- Don’t leave blank spaces. Always fill in all lines completely.
- Be cautious about who you give checks to. Only write checks to trusted individuals or businesses.
- Keep your checkbook in a secure location.
- Regularly review your bank statements. Check for any unauthorized transactions.
- Consider using check-writing software or online bill pay services.
6. Common Mistakes to Avoid When Writing a Check
Even experienced check writers can make mistakes. Here are some common errors and how to avoid them:
- Incorrect Numerical Amount: Double-check the numbers.
- Spelling Errors: Carefully proofread the amount in words.
- Leaving Blank Spaces: Fill in every line completely.
- Using Erasable Ink: Always use a pen with permanent ink.
- Incorrect Date: Ensure you write the correct date.
7. Handling Cents When Writing a Check
While this guide focuses on writing 700 dollars, you’ll often need to write checks for amounts that include cents. The process is similar, but with a slight adjustment:
- For amounts like $700.50, you would write “Seven hundred and 50/100.”
- For amounts like $700.05, you would write “Seven hundred and 05/100.”
- Always write the cents as a fraction over 100.
8. Voiding a Check: When Things Go Wrong
Mistakes happen. If you make a mistake while writing a check, the best course of action is to void it.
- Write “VOID” prominently across the face of the check, ensuring it’s clear.
- Keep the voided check for your records.
- Write a new check with the correct information.
9. Understanding Check Endorsements
When you receive a check, you’ll need to endorse it to deposit it or cash it. This involves signing the back of the check in the designated endorsement area.
- Sign your name exactly as it appears on the “Pay to the order of” line.
- You can also add a “for deposit only” endorsement to ensure the check is deposited directly into your account.
10. Modern Alternatives: The Changing Landscape of Payments
While this guide focuses on writing checks, it’s important to acknowledge the rise of digital payment methods.
- Online Bill Pay: Many banks offer online bill pay, allowing you to send payments electronically.
- Mobile Payment Apps: Apps like Venmo and PayPal offer convenient ways to transfer money.
- Debit and Credit Cards: Widely accepted, these offer a quick and easy way to make purchases.
However, despite these advancements, checks still hold their place, and knowing how to write one correctly is still a valuable skill.
FAQs: Addressing Common Check-Writing Questions
Here are some frequently asked questions about writing checks, going beyond the basic steps:
What if I make a mistake on the numerical amount, but I’ve already started writing the amount in words?
If you’ve made a mistake on the numerical amount, but haven’t yet written the amount in words, it’s best to void the check and start over. If you’ve already written the amount in words, and the numerical amount is incorrect, be sure to clearly cross out the numerical amount and correct it. The bank will usually rely on the written amount.
Can I use pencil to write a check?
No. Always use a pen with permanent ink. Pencil can be easily erased and altered, making your check vulnerable to fraud.
What happens if I don’t have enough money in my account to cover the check?
If you don’t have sufficient funds, the check will “bounce,” and your bank may charge you a fee. The payee might also charge you a fee for the returned check.
Is it okay to use abbreviations when writing a check?
No, it’s best to avoid abbreviations. Write out the full name of the payee and the complete amount in words to avoid any confusion or potential for fraud.
How long is a check valid?
Most checks are valid for six months from the date written. After this period, the check may become stale-dated, and the bank might not honor it. However, it’s always best to cash or deposit a check as soon as possible.
Conclusion: Mastering the Art of Check Writing
Writing a check for 700 dollars, or any amount, is a straightforward process once you understand the key elements. This guide has provided a comprehensive overview, from understanding the check’s anatomy to avoiding common errors and implementing security measures. By carefully following these steps and being mindful of the details, you can confidently write checks, even in our increasingly digital world. Remembering to write the amount in words accurately, using permanent ink, and filling all the spaces are the most important practices. The ability to correctly write a check, while perhaps less common than it once was, remains a useful skill that provides a reliable method for managing finances.