How to Write a Company Check

Video Transcript

"This is financial advisor, Patrick Munro, talking about how to write a company check. Writing a company check is somewhat different than a personal check, but also the same. There are fields that need to be filled out; most notably the date, and make sure your date is filled out for the appropriate year. This is a particular problem at the beginning of a new year where people will write the past year, and of course, that's a twelve month year old twelve month check, and it will be turned back by the financial institution. Checks are only valid for six months. You also must write the appropriate number and cents if they're applicable, and then duplicate that in a written format. Then, in the advice section in the lower left-hand corner make sure you put what that particular item was for. And then, in the case of a company check there's normally more than one signing officer, and if there is both individuals have to sign the check in order for it to be honored at the financial institution. That's one of the biggest differences with many company checks. If it's a large corporate check sometimes the bank will arrange for the president to sign the checks electronically, and they'll be embedded into the check. This is Patrick Munro, financial advisor, talking about how to fill out company checks."