VISA Business Check Card
VISA Business Check Card is a document, first of all. Therefore, the attitude to each issued check must be appropriate. It is imperative to know to whom, when and for how much you drew checks.
By cuttig a check, you are instructing your bank to take the amount indicated on the check from your account and give it to the person or organization in whose name the check is drewn. The fact that it was you who drew the check is confirmed by your personal signature on the check.
Checks used by ordinary people, not business, are usually issued in the form of a book – there are two-layer checks, so that when each check is cut, a copy of it remains in the book, and single-layer. Checkbooks must be purchased from a bank (at a branch or through online banking). Single-layer check books are slightly cheaper.
Checks are tied to a specific account, the number of which is typographically printed in a special font on each check. Therefore, if a person has several accounts from which he pays something using checks, then he will have several check books.
Checks can have different designs and colors (you can choose this when ordering checks), but all fields and their location are always the same for different checks.
Sample of filling out a VISA Business check card
You need to fill out the check with ink or a ballpoint pen. Corrections in the check are not allowed. The inscriptions must be legible. Signature should be the last item to be signed.
- Your name and address. Your name and your address will already be printed on the check forms you buy from the bank. On the very first sample checks, which will be given to you for free when opening an account, there will be no name and address – do not pay attention to this.
- Date of filling out the check. For example, May 9, 2013 or 05/09/2013.
- The name of the check’s recipient – the person to whom the check was issued. The full name of the person or company name to which you pay money with this check is written here: for example, John Smith or Smith & Wesson Company.
- Amount in figures. Cents are separated by a dot: 50.00 or 1234.56
- Amount in words. It is filled in like this: with a capital letter write dollars, then and, cents and / 100. Example for $ 1000: One thousand and 00/100. The remaining empty space is crossed out.
- The name of your bank and its address is always pre-printed on the check.
- Purpose of payment. You can leave it blank.
- Your signature. The signature on the check signifies that you confirm and authorize the payment.
- Check number. Always already printed. This number is important if you are keeping a register of issued checks.
- Account Number. This is your account number. It is always printed on the check in a special font.
- Bank Routing Number (RTN). This is your unique bank number. Every bank in the United States has a unique number (sometimes several numbers) – this number is needed to know which bank you have an account with.
How to withdraw a issued check?
You can only withdraw the issued check if the money has not been received yet.
To withdraw a check, there must be a reason that will have to be explained to the bank manager. The reason may be the loss of the check by the recipient or not providing them with the service or goods you paid for.
Stopping payment by check is a paid and rather expensive service, the bank will charge you from $10 to $30 for it.
To withdraw a cut check, you must:
- find a copy of the check in your checkbook, or an entry in the register of checks, or print a copy if you made a payment online.
- as soon as possible contact the bank whose name is printed on the issued check. This can often be done by phone or online (if your bank allows it). State your account number, check number, the amount for which this check was issued, as well as the full name (or the name of the recipient company) and the reason for the cancellation. Or you can go to the bank and ask the employee to stop the check by providing him with a copy of the check and a document proving your identity. Explain to him why you want to stop the payment of this check.
- be sure to save the information about the withdrawn check, as well as the date of cancellation.
In fact, there is not a complete cancellation of the check, but a suspension of payment on it.
The suspension usually lasts 6 months, after which the recipient will be able to receive money on this check. After 6 months, you can come back to the bank and suspend the check for another 6 months. The bank will tell you what other options you have to avoid paying this check.
If you have lost your checkbook, then it is best to completely close the account to which it was issued and open a new one, where to transfer money from the old one.