You may have heard about the different types of cheques, but if you are not sure how to write a Canada TD cheque, then you may find that you need to know how to write a check. This article will cover the basics of writing a cheque and what to look for when you are writing a cheque. Checks are valid for six months in Canada, so you need to pay attention to the validity period.
The name of the payee is always the first field on a cheque. If you're unsure of what this section is for, you can leave it blank. You'll also want to know the bank's institution code, which is usually a three-digit number. The MICR encoding line is located on the top right corner of the cheque. Once you've written this information down, it's time to add the account number.
Next, you need to write the payee's name, date, and amount. Remember to avoid using abbreviations or acronyms when writing a cheque, as these can lead to fraud. If your cheque is stolen, you don't want to end up owing money that's not yours! You can also use a check with a short memo instead of a signature.
You'll also need to write the date on the top right hand corner. This is a symbol of when the cheque was written, as well as when it's due. If you're not able to pay by the date, you can post-date it. Post-dated cheques can be used up to six months after their due date, so if you don't have the funds right now, post-dating a cheque can be a great option for you.
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