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A cheque is a negotiable instrument issued to an account holder by a bank. This document can be used to pay someone a specific amount of money on a certain date. You can write a cheque to any business or person as a way to transfer money from your bank account to them. Below are some basic tips to help you write a cheque and a breakdown of the cheque form to help you write your cheques.
What is required to cash a cheque at MONEY MART®?
What happens when my cheque is scanned through the machine?
The machine reads the micro encoding that is stamped at the bottom of the cheque and captures the account reference information from the cheque.
Who is responsible for bad cheques cashed at MONEY MART?
The person who wrote the cheque and the person who cashed the cheque can both be held responsible to pay back the cheque amount if the cheque is not approved by your bank. A bank may not approve the cashing of the cheque if there are not sufficient funds in the cheque account or if there are other discrepancies with the cheque or cheque account.
What types of cheques can I cash at MONEY MART?
Government, Insurance, Money Orders, Payroll, Personal, Post-dated, Small Business, U.S. Dollar and more! Call your local MONEY MART for more information.
The above information is provided to help you in basic cheque writing and may not include all the information that you need. Please consult with your bank or financial institution regarding any questions or concerns you may have regarding your cheques and your chequing account.
Information provided on the Consumer Education section of this website is believed to be accurate and reliable when placed on this site. MONEY MART cannot guarantee it is accurate, complete or current at all times. Information on this site is for informational purposes only and is not intended to provide financial, legal, accounting or tax advice and should not be relied upon in that regard. You should seek guidance from a certified financial advisor or credit counselor for specific advice that is applicable to your individual situation.