1. DO NOT WRITE BELOW THIS LINE
Blank Endorsements
Should match payee’s name
Signed with endorser’s name only (endorser is payee from front of check)
Can be cashed by anyone who holds the check with a blank endorsement!
Don’t use blank endorsement before you are ready to cash or deposit!
X Jane Doe
DO NOT WRITE BELOW THIS LINE 1

2. Special Endorsement Juan Delgado
Transfers payment of a check to someone else.
Payee signs check , then writes “pay to the order of” another person
Can be used to make payment on a debt
Juan is payee on check
Juan owes Maria money
Juan transfers payment to Maria.
Debt = money owed
Might also endorse:
Juan Delgado
pay over to
Maria Fernandez 2

3. Full Endorsement Example
Transfers payment to someone else
Payee signs the check over to another person to receive payment
Who was payee on check? John
X Pay to the order of
Jane Doe
John Doe
DO NOT WRITE BELOW THIS LINE 3

4. Restrictive Endorsement
Limits use of the check so it can be deposited only to endorser’s account.
Safest type of endorsement
Cannot be cashed by a thief or someone who finds the check
Best to use when mailing a check for deposit or when using the ATM for deposit. 4

5. Check Writing Procedures
Write information in the check register first, (ensure checks are written in numerical order)
Write the date the check is written.
Write the payee’s name.
Write in the numerical amount of the check.
Write in the amount of the check in words.
Write in the purpose of the check.
Sign the check. 5

6. How Do I Know the Amount in my Checking Account?
Keep a Check Register or Check Stub Balance
Subtract checks written (or debit card transactions) from balance
Add deposits to balance
Keep a running balance after writing checks or making deposits
Check Register is YOUR documentation of how much money is in your account?
What if mistakes are made?
You will make corrections when you reconcile (balance) bank statement

7. Bank Reconciliation What is a bank reconciliation?
Document that shows two equal balances
Your record of your checking account
The bank’s record of your account
Do they have the same $ balance?
Yes, or reconciliation is not complete!
Reconciliation helps to find/correct any mistakes in your register! 7

8. Outstanding Checks What is an outstanding check?
Outstanding checks are checks that have not cleared (been deducted from) the bank statement balance.
Need to know items outstanding in order to reconcile statement
How to know if checks are outstanding:
Find out which checks /deposits are outstanding by comparing the bank statement with the checkbook register

9. Reconciling a Checkbook
Makes sure the bank’s records agree with your records
1. Check for outstanding checks and deposits
2. Check the checks, deposits, ATM activity on the bank statement to make sure that your records are correct
3. Make adjustments to the bank statement and your records to ensure that you and the bank have the same amount of money
4. Reconcile every statement upon receipt 9

10. Steps in a Bank Reconciliation
Obtain the monthly bank statement.
Determine checks paid.
Find differences between the monthly bank statement and monthly check register.
Calculate the adjusted balance.
If the balances do not agree, check the steps again and recalculate.
Account balances must be equal! 10