We have had several business checks returned by banks because the amount of the check was not spelled. Our system inserts the numeric amount in the space where amounts are normally spelled out. Is there a legal requirement to spell out the amount of the check?
Untitled
Under the Uniform Commercial Code, no. It is there for a safeguard as it confirms the numeric amount plus it is more difficult to alter. It is recommended that you both spell it out and use the numeric field.
In order to protect themselves against any claims of alteration, your bank may require it. If they do, and you opt not to spell out the check amounts, you may need another bank, e-banking, or a different program to write your checks.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Under the 