If you write the wrong payee name while writing a check, its OK to neatly cross out the wrong information and add the correct name in your own handwriting.

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

If you write the wrong payee name while writing a check, it’s OK to neatly cross out the wrong information and add the correct name in your own handwriting.

A	True
B	False

Explanation:

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: -No changes / corrections can be carried out on the cheques (other than for date validation purposes, if required). For any change in the payee’s name, courtesy amount (amount in figures) or legal amount (amount in words), fresh cheque leaves should be used by customers.

Detailed explanation-3: -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-4: -Can I deposit a check if my name is spelled wrong? If the mis-spelling is minor the bank is very likely to accept the deposit. If the mistake creates doubt as to who is the payee, you may have a problem.

There is 1 question to complete.