How to write, deposit and cash a check
In short: to write a check, fill in the date, who it is for (the payee), the amount in numbers and in words, and sign it. To deposit one, sign the back (endorse it) and deposit it at a branch, ATM or in your bank's app. Banks can hold part of a deposit for a few days, and a check can bounce even after the money shows in your account.
Writing a check, step by step
- Date, in the top right corner.
- Pay to the order of: the person's or company's full name.
- Amount in numbers in the box, for example
125.50, written close to the dollar sign. - Amount in words on the line below, for example "One hundred twenty-five and 50/100", then draw a line to the end so nothing can be added.
- Memo (optional): what it is for, such as "October rent" or an account number for a bill.
- Signature, bottom right, the way the bank has it on file.
Use a pen, not pencil, and keep a note of each check you write so you know how much is really in your account.
Depositing a check
- Endorse it by signing the back. Many banks also ask you to write "For deposit only" and, for app deposits, "For mobile deposit only at" plus the bank name.
- Deposit it at a branch, an ATM or by taking a photo in your bank's app. Keep the paper check until the money has fully cleared, then destroy it.
How long until I can use the money?
Federal rules (Regulation CC) set the longest time a bank can usually hold a deposit. Often a first part of a check deposit is available the next business day and the rest within a few business days. Holds can be longer for new accounts, large deposits and accounts that are often overdrawn. Your bank must tell you its funds availability policy; ask for it when you open the account.
Cashing a check without an account
You can usually cash a check at the bank it was written on, with ID; some may charge non-customers a fee. Check-cashing stores also cash checks but can charge a percentage of the amount, which adds up. Having your own bank or credit union account is usually much cheaper.
Cashier's checks and money orders
A cashier's check is drawn on the bank's own money, and a money order is a prepaid paper payment you buy for a small fee. Landlords sometimes ask for them for a deposit. Both can be faked, so if you receive one, check it with the issuing bank using a phone number you find yourself.
Spotting a fake check
A common scam: someone sends you a check for more than you are owed, such as for an item you are selling or a "mystery shopper" job, and asks you to send the difference back. The check bounces days or weeks later, and you owe the bank the full amount. Never send money back from a check someone sent you. See Money scams that target newcomers.
Handy tools
- Monthly budget planner: see what is left each month and how your spending splits up.
General information, not financial advice. Rules, fees and rates change and depend on your situation. Check with your bank, the provider or a qualified professional before you decide.