The check has existed, in one form or another, since the 9th century. Checks were originally developed as means to make a payment without carrying large amounts of gold or silver coins. The use of checks today has not changed much – they are still an alternative means of payment to cash. However, the make-up of a check has changed.
Bank tellers need to understand checks. Your customers write them, make payments with them, and cash them. This module will provide you with an overview of checks. We will discuss the elements of a check, the proper procedure for check handling, and the different types of check you will encounter.
This course includes an examination.
- Discuss the parts of a check including elements required for processing
- Describe the proper procedure for depositing and cashing checks presented to you by customers
- Identify the different check types you may come across during your career as a bank teller
o Parts of a check
o Legally required elements of a check
o Cashing a check
o Depositing a check
o Personal checks
o Official checks
o Traveler's checks
o Money orders