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Accountholder may be liable for
unauthorized cheque transaction. Hence,
it is the accountholder's responsibility
to place extra care and ensure the
following rules are adhered to.
When You Write A Cheque
1. Ensure Adequate funds are available
in your account for the amount drawn.
2. Do not use felt tip pens, erasable
ink pens, pencils or other non-impact
printing techniques to complete a cheque.
Where a typewriter is used, do not use
correctable ribbons. Always use
permanent black or dark blue ink pen.
3. Do not make any alteration
whatsoever on your cheque.
4. Do not fold, crumple, mutilate,
staple or pin your cheques. Ensure that
spoiled cheques are destroyed.
5. DO NOT use company stamp/ chop/
personal seal on the cheques.
6. The payee's name, amount
in figures and words should be
left justified and any unused
space should be ruled through
with a line. The amount in words
should end with the ward "only".
Do not leave spaces for other
word or figures to be added.
7. DO NOT write, stamp or
sign on the MICR band at the
bottom 5/8" of the cheque. Tou
should sign above the line
demarcating the 5/8" space at
the bottom of the cheque. The
space below the line is for the
Bank's use only.
8. Upon receiving new cheque
book, ensure the serial numbers
are in running sequence and the
quantity is correct.
9. Inform Bank immediately of
any changes in signing mandate
or authorized signatories.
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