How to Alter a Check: A Step-by-Step Guide
Altering a check can be a tricky task, especially if you’re not familiar with the process. Whether you need to change the payee’s name, the amount, or any other details, it’s important to do it correctly to avoid any legal or financial issues. In this article, we’ll provide you with a step-by-step guide on how to alter a check, ensuring that you can make the necessary changes without any complications.
1. Verify the Check’s Alterability
Before you begin altering a check, it’s crucial to check if the check is alterable. Most checks have a statement on the back that indicates whether the check can be altered. If the check is not alterable, you’ll need to contact the issuer and request a new one.
2. Sign the Check
Before making any changes, sign the check. This is an important step to ensure that the check is legally binding. If you don’t sign the check first, the alterations may not be valid.
3. Clearly Identify the Alteration
When altering a check, it’s essential to clearly indicate what has been changed. Use a pen to write “VOID” or “ALTERED” across the original information, and then write the new information below it. Make sure the new information is clear and legible.
4. Correct the Payee’s Name
If you need to change the payee’s name, simply write the new name below the “Pay to the Order of” line. Be sure to use a pen that is the same color as the original information to maintain the check’s validity.
5. Adjust the Amount
Changing the amount on a check is a more delicate process. First, write the new amount in the “Pay to the Order of” line, using the same color pen as the original information. Then, write the original amount in parentheses next to the new amount. This helps to show that the check was altered, and it may be required by your bank.
6. Initial the Alteration
After making the necessary changes, initial the alteration to show that you are acknowledging the change. This is an additional step to ensure that the alteration is legally binding.
7. Keep a Copy of the Altered Check
It’s always a good idea to keep a copy of the altered check for your records. This can be useful for reference or in case you need to provide proof of the alteration.
By following these steps, you can successfully alter a check while minimizing the risk of legal or financial issues. Remember to always consult your bank or financial institution if you’re unsure about the process or if you need further assistance.
