on the face of the money order. For example on the money order the words to exceed $300.00” may be printed. Money orders are also “Not accepted almost as readily as currency. These checks are designed for use by persons on Traveler’s Checks. business or vacation trips, but are also used in other situations. They are signed on the face of the check when purchased and countersigned when cashed, either on the face or on the back. When using a traveler’s check at a City facility, the customer must countersign and write in the payee in the presence of the cashier. Traveler’s checks should be stamped with the endorsement and placed with the other checks. The City of cannot accept traveler’s checks drawn on foreign currency. Note: Traveler’s Checks are treated like currency and change is given to the customer for the amount over the purchase. Within Finance only, employees may request a tender Tender Exchange. exchange at the front counter. The employee may present a personal check up to $50 per day for exchange in cash. The cashier, using the cashiering software program, performs a Exchange’. Within the ‘Tender software, the cashier will enter the check number, employee’s name, and the amount of the denomination. Finance cashiers are prohibited from cashing their own personal checks. Check Negotiability. There are six elements a check needs to have to be negotiable. Before accepting a check from a customer, you will verify that the check has all of these elements (See Appendix B). The check must have a current date. The check should Current date. neither be stale dated nor postdated. A stale-dated check is a check dated in the past. A check dated with a future date is a postdated check. City of . Payee. The must be signed by the payor. A payor is the Signature. individual paying for goods or services. The dollar amount must appear twice. It must be both Dollar amount. spelled out and printed numerically. The check must be drawn on a bank whose name appears on the Bank. check. Magnetic Ink Character Recognition (MICR) MICR numbers. numbers are pre-printed at the bottom, left-hand corner of the 8 Check Endorsements. All checks will be endorsed upon receipt using the official City stamp, which will be made available to designated
on the face of the money order. For example on the money order the words “Not to exceed $300.00” may be printed. Money orders are also accepted almost as readily as currency. Traveler’s Checks. These checks are designed for use by persons on business or vacation trips, but are also used in other situations. They are signed on the face of the check when purchased and countersigned when cashed, either on the face or on the back. When using a traveler’s check at a City facility, the customer must countersign and write in the payee in the presence of the cashier. Traveler’s checks should be stamped with the endorsement and placed with the other checks. The City of cannot accept traveler’s checks drawn on foreign currency. Note: Traveler’s Checks are treated like currency and change is given to the customer for the amount over the purchase. Tender Exchange. Within Finance only, employees may request a tender exchange at the front counter. The employee may present a personal check up to $50 per day for exchange in cash. The cashier, using the cashiering software program, performs a ‘Tender Exchange’. Within the software, the cashier will enter the check number, employee’s name, and the amount of the denomination. Finance cashiers are prohibited from cashing their own personal checks. Check Negotiability. There are six elements a check needs to have to be negotiable. Before accepting a check from a customer, you will verify that the check has all of these elements (See Appendix B). Current date. The check must have a current date. The check should neither be stale dated nor postdated. A stale-dated check is a check dated in the past. A check dated with a future date is a postdated check. Payee. City of . Signature. The must be signed by the payor. A payor is the individual paying for goods or services. Dollar amount. The dollar amount must appear twice. It must be both spelled out and printed numerically. Bank. The check must be drawn on a bank whose name appears on the check. MICR numbers. Magnetic Ink Character Recognition (MICR) numbers are pre-printed at the bottom, left-hand corner of the 8 Check Endorsements. All checks will be endorsed upon receipt using the official City stamp, which will be made available to designated