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Are they • The words ‘pay to order of should be present’ • Items older than6 months old cannot be negotiated • The (magnetic ink character recognition line) MICR line should be clearly visible • Name of the financial institution on which the check is drawn should be clearly written/ printed on the check. • Endorsement – The payee must endorse sign at the back of the check
Date
Payee's Name
Any Alterations
is there any difference between words and figures of the amount of check
Signature of the drawer
Account number and balance check
1. Date of the check not more than 6 months
2.. Payee of the check
3. Amount in words and figure should tally
4. Signature of the drawer
5. Micr line should be clear
The words ‘pay to order of should be present’ • Items older than6 months old cannot be negotiated • The (magnetic ink character recognition line) MICR line should be clearly visible • Name of the financial institution on which the check is drawn should be clearly written/ printed on the check. • Endorsement – The payee must endorse sign at the back of the check
Valid Date, MICR, Signature, Name of Payee, Amount in figures and Amount in Words Tally.
The standard5 check point of negotiability are as follows:
1. Date,
2. Words/terms of negotiability such as Pay to the order of,
3. Name of the payee
4. Specific Amount and,
5. Signature
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