BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Void the check and write a new one
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Make corrections and initial the change
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Use whiteout to fix the error
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Throw the check away and write a new one
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Detailed explanation-1: -If you’ve made a mistake when writing a check, it’s usually safest just to void the check and start a new one. If this isn’t an option or your mistake is fixable, draw a neat line through your mistake and write the correction right above it. Initial your correction to help authenticate it.
Detailed explanation-2: -You should notify the bank of the error as soon as possible. If the check was altered, the bank may require you to complete an affidavit to officially document the problem. If this was an encoding error, the bank should correct the account and notify the paying bank.
Detailed explanation-3: -Use a blue or black pen. Write “VOID” in large letters across the front of the check, or write “VOID” in smaller letters on the date line, payee line, amount line, and signature line, as well as in the amount box. Make a copy of the voided check for your records, noting the check number.