Sign Check on Back: Apart from the bearer and the order, many times we sign the back of the check to verify our signature. Let’s know about it in detail.
The digital era is going on. In such a situation, people prefer online payment mode. But despite this, transactions worth crores of rupees are still done through cheques. Many times you must have seen that when we give a check to someone, we sign on both its front and back sides.
Why is the back of a check signed?
Do you know why a signature is put on the back of a cheque? Actually, this one sign can save you from getting into some big trouble. But let us tell you here that only the back of bearer check is signed. These are such checks in which the person cashing or depositing the check is required to show his identity.
Cancel bearer wording on check
Bearer check is used to make payment to any person or business. According to the information, the back of the order check is not signed. These are such checks in which the words bearer have been canceled on the cheque. In this, the bank insists on the identity of the payee while giving the order check to the payee.
What is bearer check and order cheque?
Apart from the bearer and the order, many times we sign on the back of the check to verify our signature. The bank employee also asks you to sign to match the signature. Often people are not aware that not all checks are signed. Many times there is a problem of check bounce due to not having the correct signature.
Sign to get verified
If our check is stolen, it is easier to cash it if it does not have a signature on the back. That’s why many times bank employees ask to sign on the back of the cheque. Sometimes the signs are not correct. That’s why signatures are made again to get it verified.