![]() ![]() The transit number is the five digit number that is used in Canada for routing interbank transfers. This number is associated with your specific bank and is also known as a “bank number.” It identifies the bank where the cheques and your bank account are held. This is important for bookkeeping purposes and can help you identify discrepancies. The cheque number is a unique three digit number for the cheque in question in particular. In your cheque book, your cheques are numbered sequentially. This is the name and address of where your banking institution (the cheque issuer) is physically located. You’ll also find the banking information for where the account is to be debited printed on your cheque. Personal cheques are generally honoured for at least six months, but they are not valid indefinitely. The other reason to take note of the date is if, as the recipient of a cheque, you do not cash it right away, you may need the date of the cheque as reference for whether or not the cheque has expired. ![]() Post-dating a cheque means you’ve dated your cheque for sometime in the future and your account will not be debited until the date that you’ve written on it.įor example, if you are writing a cheque for your rent that is due the first day of the next month but you want to send the cheque earlier to have it off your mental to do list, you can send a cheque today that the landlord won’t cash until the first of the month as indicated by the date you’ve written. ![]() This also means you can post-date a cheque when writing one. It is important to know that a cheque cannot be cashed until the date that is indicated here. The date written here is usually the date the cheque was written, but not necessarily. This is the legal home or business address of the payor. It is the full legal name of the owner of the cheque and the associated bank account i.e. Make sure when you receive your cheque book of blank cheques from the bank this information is complete and accurate. The personal information section of a cheque will be pre-filled and printed by your banking institution. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. These “affiliate links” may generate income for our site when you click on them. Second, we also include links to advertisers’ offers in some of our articles. This site does not include all companies or products available within the market. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This comes from two main sources.įirst, we provide paid placements to advertisers to present their offers. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. ![]()
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