Checkwriting

Free checkwriting privileges offered with nonretirement accounts for select mutual funds.

Checkwriting

The act or process of writing a check. When one writes a check, one makes an order to one's bank to transfer funds to another account, perhaps at a different bank. To write a check, one must indicate who the payee is by writing his/her/its name. One must also date the check and sign it. Generally, one also writes the amount of the payment (in both numbers and words) unless one is writing a blank check. Under most circumstances, one gives the check to the payee, who then deposits it into his/her bank account. At this point the check clearing process begins.

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References in periodicals archive ?

"We would automate bookkeeping and checkwriting." Now, however, it's a free-for-all, and "everything is changing because of technology."

New CEO brings wide perspective: Michael Cangemi brings his financial, technological, editorial and business experiences and insights to FEI as the 75-year-old organization keeps evolving

There were no express plan policies directing FB's checkwriting. Coldesina was not aware that funds were being transferred to Simper's company from FB.

Providing plan administrative services results in potential liability

Recurring journal entries, budgets, after-the-fact payroll, a working trial balance and a cash flow statement are just a few of the time-saving features of Visual Client Write-u Additional Visual Suite products include Accounts Payable, Payroll Checkwriting and Depreciation.

CPA Software. (Client Write-Up)

No additional features, such as checkwriting or electronic debits initiated by billers, will be allowed with or without an extra fee.

Banking Relationships of Lower-Income Families and the Governmental Trend toward Electronic Payment

The owner controls the partnership and has the only checkwriting authority for the trust.

Offshore trusts for asset protection

Alternatively, it can provide a liquid medium of exchange to depositors through bank notes or checkwriting facilities (see G.B.

Do we still need commercial banks?

A survey of nationwide checkwriting, conducted by Houston based Telecheck Services, found same-store sales for the first 17 days of the Christmas season had fallen 7.2 percent from the previous year.

Yule jitters at retail

Furthermore, the generous switching and checkwriting features have tax consequences as well.

Carlson critiques funds: no-load stocks vs. no-load mutual funds

Checkwriting. Up to 15 individual checking accounts; handles manual checks.

What's new

The main elements are a PC or compatible, checkwriting software, a laser printer with MICR toner, a MICR font especially designed for the printer and toner, and blank check stock.

MICR checkprinting arrives for managers

The module includes the necessary special magnetic toner cartridges for use with existing Hewlett-Packard LazerJet II or III printers, the special MICR characters (called soft fonts) 2,000 blank checks, legal size paper tray and enhanced version of the BASS Checkwriting Payroll System.

MICR Check Encoding Module

Laser printer, Checker Master (Model MC3815), handles Magnetic Ink Character Recognition printing for checkwriting applications in IBM S/3X and AS/400 office information systems.