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How To Eliminate The Middleman By Ordering Personal Checks Direct

By Keith Esposito

Ordering personal checks direct from the printer can save an easy 50%. Historically, the need for personal check derived for the need to transfer value safely. Over thousands of year the means of transferring wealth evolved to what it is today.

A check is an order for the transfer of money. A cheque (spelled check in American English) is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified demand account held in the maker/depositor's name with that institution. Both the maker and payee may be natural persons or legal entities.

The history of the written check dates back to early Roman times. As early as 1 BC, checks have been used to solidify trades between parties. It eliminated the need to carry around large quantities of gold. Convenience, safety and efficient trade spurred the popularity for these negotiable instruments called checks.

In ancient times as well as today, carrying around a large amount of cash can be very risky. Using the safety of a simple check or bill of exchange that could be redeemed for payment at a different location and time became a safe way of doing business.

Checks generally contain: 1. place of issue 2. identification check number 3. date of issue 4. payee 5. amount of currency 6. signature identification of the drawer and 7. routing number.

Routing / account numbers are in MICR format. It is a 9 digit number. The first 4 numbers identify the Federal Reserve Bank processing center.

Digits 5 through 8 indicate the bank served by the check. The 9th digit is a verification digit and all digits are assigned independently by the various banks for identification purposes.

Routing numbers, or fractional routing numbers as they are known, are comprised of a denominator that reflects the first 4 numbers of the routing number. The ABA or hyphenated numerator indicates a city code.

You're able to buy checks online or from a financial institution. Many choose to bypass the bank middleman and purchase directly from the check printer and, in the process, save 50% in costs.

Save an extra 50% when youorder checks online from our extensive selection. You'll be greatly pleased.

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