Deposits Endorsing a check Even in this electronic age, the check is still the payment method used by many employers and doting grandparents! In order to deposit or cash a check, you first need to endorse it.
Well check washing is a growing problem and it essentially puts a blank check in your name in the hands of criminals that are more than willing to fill out any dollar amount to their own bank accounts. The purpose of this project is to show how easy it is to wash a check and to raise awareness of the best defenses against check washing.
The main target of this experiment is to see what pen defends against check washing the best. Meet the Pens The following are the pens that will be used: Bic Velocity Retractable Gel Pen black.
Because this is a gel pen, the ink formulation is completely different from then generic bic round stic.
Generic Bic Round Stic black. This is by far the most common pen out there mostly because it is so cheap and so available at stores.
Sanford Expresso Extra Fine black. I picked this pen for two reasons: Because I made two checks per pen one for alcohol washing and one for nail polish remover washing only one check is shown below for each pen. It is important to realize how common these tools are and how easy it is for just about anyone to check wash, and it is certainly not something the government can regulate or keep tabs on.
The effectiveness as solvents of both these solutions were tested. Electrical tape, scotch tape, masking tape, clear label protection tape. Many times check washers will place tape over a signature on a check in order to keep the signature from washing.
I tried these four different types of tape to determine how effective they were at protecting certain areas of the checks. The pan above was used to be the container to hold the checks during washing, the tongs were used to remove and hold checks after being washed, and the closepins and plastic folgers can were used to store washed checks while they dried.
Procedure The procedure is very simple. The primary observation will be which pens wash easiest and as a side experiment to find the best tape to use to cover the signature on a check during washing. Results with Nail Polish Alright, the first solvent I tried was Equate regular nail polish remover salon formula.
The following checks are what they looked like after one, five minute washing. Overall there was no change to the ink.
As for the ink, it faded nicely but still was visible without looking very hard. The ink has faded significantly, and I think if I would have left it for more than five minutes the effect would be even more pronounced. Simply because I got such a great effect out of the nail polish remover, I decided to try soaking it in alcohol, then nail polish remover again just to see how well I could do.
This is what the check looked like after two washings of nail polish remover and a washing with isopropyl alcohol. Just like checkI re-washed this check once with alcohol and once with nail polish remover.
As you can see, there are very few signs that any ink existed. This is one of the best washed checks and displays how easy it is to wash a check that is written in the right pen. The following checks were washed in the alcohol for five minutes each. There might have been a little smearing, but nothing to be of note.
The ink washed even better than it did in the nail polish remover.How to Void a Check - Avoid Fraud and Unauthorized Withdrawals. By: A voided check may be requested by an employer for direct deposit set up or creditor for direct debit.
The organizations need the information on the check, but not an actual payment from it. Write the word VOID in large, clear letters in the PAYMENT AMOUNT BOX;. How to Void a Check. In this Article: Article Summary Voiding a Check You Still Have in Your Possession Cancelling a Check After You Have Sent It Community Q&A Voiding a check is a common practice used to nullify incorrect checks and set up direct deposits or bill payments.
Feb 25, · Hi --Noob question here; thanks for any help you can give.
I paid a vendor using online billpay. He lost the check; I need to reissue it. I voided the original check in the check register, but now I . A voided check may be requested by an employer for direct deposit set up or creditor for direct ph-vs.com organizations need the information on the check, but not an actual payment from it.
A check may also need to be voided for errors in dates, payee information or amounts. Buy Complete Front 24" Driveshaft for Dodge Dakota 4x4 Models Only - [DR]: Drive Shaft Assemblies - ph-vs.com FREE DELIVERY possible on eligible purchases.
There are two ways to write off a bad account receivable. One is the direct write-off method and the other occurs under the allowance method. Under the direct write-off method a company writes off a bad account receivable after the specific account is found to be uncollectible.
This write off.