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How to use a Cheque – Kenya Bankers Sacco

A Cheque is a document which orders a bank to pay a particular amount of money from a person’s account to another individual’s. The cheque is utilized to make safe, secure and convenient payments. It serves as a secure option since hard cash is not involved during the transfer process; hence the fear of loss or theft is minimized. If you are still stuck with questions like ‘What is cheque?’, or ‘How is it useful?’, then the knowledge about depositing and cashing should be understood for gaining a better insight into this payment system.

Ways of using a cheque

A Cheque is a document which orders a bank to pay a particular amount of money from a person’s account to another individual’s.

Common Safety Measures for Writing a Cheque

Have you ever written a cheque? It might appear as the easiest thing to do, but can mess you up really bad, if any error is made. There are certain important things we might consider while writing a cheque to someone that can be easily misused or dishonored.

Conclusion

What is cheque safety? It basically points to the careful preservation or proper maintenance of all your cheque records. One should manage a record of the cheque details comprising the cheque number, issuer name, and date for future safety reference. Do not forget to mention the payment amount with every cheque that is issued. Usually, cheque books do consist of a section for all such information at the extreme back. However, try to keep this information handy in order to avoid any kind of confusion, suspicious activity, or possible fraud.

 

At Kenya Bankers Sacco, we were registered on 14th February 1975 as a Savings & Credit Co-operative Society to initially serve employees in the banking industry. The Sacco Head office is located at Kenya Bankers Sacco Center along 3rd Ngong Avenue, off Ngong Road -Nairobi.  Get in touch with us on +2540205146500, email us on help@kenyabankers.coop or visit our website for more details.