Mr Gauci. Well anyway that can fire me.
Back to school.
How about three cash stashed.
OK Sunny thirty to fifty pay by check.
The difference debt it's all money is much better and easier than.
I don't get
that looks like more trouble to me why is it easier to pay with a check to set up a
cash. Well it's about time you learned something about checks.
It's going to be using them in the first moment business for the rest of your life.
Thank you so long.
I wanted to take these checks to the bank and to project.
Why did this stuff in and she jump starting today.
You can call them up.
If you have a lot of people at first just that same question. Why not use cash.
Here the main reason. Safety receipts convenience.
Take safety for instance there's nothing save about cash unless you're holding
that type in your fence.
Like
that payment of the frosted food salesman you are talking about things like this
happen every day.
Is that of an actual cash. What chance do you think that be of getting it back.
Not much I guess that's just where the safety factor of checks comes in.
It's lost
or stolen only the proper person can cash them in the meantime your money is safe
in your bank account. Well that's reason enough for me what I'm going to bill.
That's all I want to go to reason for paying by check. What about receipts.
Your father himself told me this story that happened to him just the other day.
One of our suppliers called him up saying there was some question of a bill not
being paid well your dad didn't waste any time talking.
He just got out the cab so Jack that it.
The bell where the mass settled.
You see your dad prove that it paid that bill.
The cancelled check with his receipt.
Another reason why checks are so widely used is convenience. Payments can be made.
Anytime anyplace
and by mail to something you wouldn't do with cash the final big reason
is accurate records a checking account shows exactly where the money go.
There are a good many reasons why people use checks
but these are the four main ones.
They'll do you know how to write a check. Well not exactly I guess. Well.
Always use a pass then make out your stuff first.
That's all you'll have a record of what the check is a pile now on the check fill
in the number. Then the day it should be the day on which the check is drawn.
Next the name of the person being paid and be sure to spell it right.
Now the amount in things close to the dollar sign.
So nobody can put in another number.
Then should be written in smaller figures and underline.
On the next line write out the amount in word cents
or a fraction with one hundred as the denominator.
Fill in the space that's left with the way the line again to prevent alteration.
If you're the amounts in words of numbers agree. If they are different.
The amount and words.
That's the amount of the check in signing your signature should agree with the one
on file at the back. Never cross out
or change any written part of a check if you make a mistake canceled across the
face of it and file it away with your canceled checks and draw a new one.
That's about it and he questions. Well what about when someone gives me a check.
Don't I have to endorse it or something. All right.
There are three forms of I'm going to look
that are widely used the first one the blank
and go as meant makes the check as good as cash anyone could get money for it so
don't do as that this way until you're ready to cash.
Turn it over and here's where your endorsement go.
This is the simplest form of indorsement in the blank until last month.
All you do is write your name across the end of the check.
Sign of just the way it's made out to you on the face of the check.
Especially in the last month is a little different.
So your dad gave you a check and you wanted to transfer somebody else.
Your name the person you're paying it to then write your name the way you did
before. Now the other fellow will have to sign his name before he can cash
and finally there's a restrictive endorsement.
This means the check can be used only for what you say it's to be used for.
And don't check this way when you're mailing them to the bank
but the plan is one more thing you out of no avail.
If you get a check with your name misspelled or with the wrong initials
and I said exactly the way it appears on the face of the check mistaken all.
That's right. But under that right to name the correct way
or anything else I can tell you. Yes or. Happens to the money in all this.
When you write a check. Just wait. Is the real money gone how does it get there.
Let's follow what James.
Let's take the one your father paid the price of food salesman today.
If your father hears it is a bank.
Here's the full distributor. And here's its bank.
Your father does a check for thirty to fifty payable to the distributor.
That check as an Order to us.
Thirty to fifty of your father's money to the distributor.
But the distributor rather than bothering to come here and pick up the money.
Deposits the check and it's bank and that's that bank collect the money.
That means that thirty to fifty years deducted from your father's account here
and added to the distributors account there.
The final step is when we send the check back to your father
and daughter by the distributor and cancelled the show
that the amount has been paid.
We have a special banking process called check clearing bail.
That takes care of the transfer of money from one bank to another.
But that's the whole story in itself. Well there.
There's a story of the journey of one check.
And it's the same whether it's made out by a housewife doctor wage earner contract
or anyone. See that's really pretty simple. Thanks a lot. Mrs Sterling.
Well most things are pretty simple once you understand them
but always be sure you have enough money in your bank account to cover the check.
Yes. You said.
Maybe you'd better stick around. Meeting you.
I was just talking to Mr Sterling to your father about checks out of Kuwait City.
Just what I can doubt about that you remember
that adorable little desk he saw on the store window and use it if I really want
and I remember how much only ten is not a Speedo.