How A Check Is Processed :: essays research papers

Checks are pen everyday at almost every place of business. At age 18 anyone with the adequate arrive of money cornerstone open a damping score of their own. One aspect of checking peak functions that many account owners are not familiar with is the processing of their checks after they have been written.When securities industry shopping at a place such as Winn Dixie the customer many times thinks to his or herself whether he or she should open cash, the boot it, or pay for the barter for with a check. He or she may ponder this question in their mind tout ensemble the way to the check pop counter. When the customer traces the decision to pay for the merchandise with a check, a long process is started. This process begins when the check is handed over to the cashier.Once all education has been kosherly placed on the check the cashier then(prenominal) will normally ask for two things, a home phone number and a drivers license number. Once all of the necessary information has been placed on the check by both the cashier and the customer the check is scanned in the mechanical check ref. This check reader recognizes the customers account number, A.B.A. number (or routing number), as well as the check number. The com prepareer system can the recognize the specific account and check to make received that there are no returned checks on that account. Once the checked is approved, it is then printed or endorsed on the back with all proper information for Winn Dixie deposits, including the amount of the purchase, cash back received (if applicable), store location number, date, time, cashier number, and the customers account number. The cashier then stores the check in a locked case until it is time for them to gohome. All checks are then added together to make sure none are missing and to make sure the cashier put all checks in for the correct amount. All checks received in the office at the end of the day are be together and deposited into Winn Dixie s money box account. When the person responsible goes to the bank and makes the deposit for the business, he or she hands a large number of checks to the bank bank clerk. The teller will then verify the amount of thedeposit to the total amount of the checks. After the deposit has been verified and all numbers are correct, the teller will then poke out the checks through the proof machine to be verified again.How A Check Is Processed essays research papers Checks are written everyday at almost every place of business. At age 18 anyone with the adequate amount of money can open a checking account of their own. One aspect of checking account functions that many account owners are not familiar with is the processing of their checks after they have been written.When grocery shopping at a place such as Winn Dixie the customer many times thinks to his or herself whether he or she should pay cash, charge it, or pay for the purchase with a check. He or she may ponder this question in th eir mind all the way to the check out counter. When the customer makes the decision to pay for the merchandise with a check, a long process is started. This process begins when the check is handed over to the cashier.Once all information has been properly placed on the check the cashier then will normally ask for two things, a home phone number and a drivers license number. Once all of the necessary information has been placed on the check by both the cashier and the customer the check is scanned in the automatic check reader. This check reader recognizes the customers account number, A.B.A. number (or routing number), as well as the check number. The computer system can the recognize the specific account and check to make sure that there are no returned checks on that account. Once the checked is approved, it is then printed or endorsed on the back with all proper information for Winn Dixie deposits, including the amount of the purchase, cash back received (if applicable), store lo cation number, date, time, cashier number, and the customers account number. The cashier then stores the check in a locked box until it is time for them to gohome. All checks are then added together to make sure none are missing and to make sure the cashier put all checks in for the correct amount. All checks received in the office at the end of the day are totaled together and deposited into Winn Dixies bank account. When the person responsible goes to the bank and makes the deposit for the business, he or she hands a large number of checks to the bank teller. The teller will then verify the amount of thedeposit to the total amount of the checks. After the deposit has been verified and all numbers are correct, the teller will then run the checks through the proof machine to be verified again.