for handling a check
to look for when you accept a check
If you want to protect yourself from losses due to bad checks, there
are certain "rules" you must follow that can have a big
impact on your success. Many of the most important rules apply at
the moment you accept the check for payment. State statutes,
local requirements and simple practicality also influence what can
or cannot be done to recover a loss from a bad check.
There are some steps you should always take when accepting a check.
Weve developed a simple acronym SANDI to help
people remember the steps.
Double Check the Signature. Watch
the person sign the check. Pre-signed checks are often trouble.
Compare the signature against a photo ID that contains the
persons signature. A Drivers License is best - and record the
Drivers License number. Student ID numbers and Military ID are
also good identifiers that you should get if possible.
Compare the Amounts. If the amount
written in numbers and the amount written in words dont match,
the bank wont accept it. Carefully read both versions of
the amount. If they dont match, dont accept the check.
Check Number. Its a fact that
most bad checks are written on new accounts. Be especially aware of
checks that seem to be on a new account (i.e. numbers in the
"low 100s" or "low 1000s").
Todays Date. Post-dated checks
do not qualify for this Program. Make sure the date on the check
matches the date you accept it.
Complete ID. It is important that
you get as much identification as possible. At a minimum you
MUST get the following:
Address (a street address is best)
City - State - Zip
Drivers License, Military or Student Number