Cheques
Understanding Cheques:
At Fortaire, we provide comprehensive cheque services designed to meet your financial needs. A cheque is a written order directing a bank to pay a specified sum of money from the issuer’s account to the person named on the cheque. This traditional payment method remains a reliable and widely accepted tool for personal and business transactions.
Benefits of Using Cheques:
Using cheques offers several advantages. They provide a convenient way to make payments without needing to carry large amounts of cash. Cheques also offer a clear and documented payment trail, which can be beneficial for record-keeping and accounting purposes. Additionally, post-dated cheques allow for future-dated transactions, giving both payer and payee flexibility in financial planning.
Cheque Account Features:
Fortaire's cheque accounts come with a variety of features to ensure ease and security. Our accounts offer customizable cheque designs, free initial cheque books, and the ability to order additional cheques online. We also provide overdraft protection to cover cheques written for amounts exceeding your account balance, ensuring that your payments are honored even in case of insufficient funds.
How to Write a Cheque:
Writing a cheque is simple and straightforward. Begin by filling in the date in the provided space. Write the name of the payee on the "Pay to the Order of" line. Enter the payment amount in both numerical and written forms to prevent alterations. Sign the cheque in the designated area, and add any necessary notes or memos in the memo line to specify the payment’s purpose.
Cheque Deposits:
Depositing a cheque into your Fortaire account is convenient and easy. You can deposit cheques through our branch network, ATMs, or using our mobile banking app. For mobile deposits, simply endorse the back of the cheque, take a photo using our app, and submit it for processing. Our secure systems ensure that your cheque deposits are handled promptly and safely.
Stop Payment Services:
If you need to cancel a cheque, Fortaire offers stop payment services. Contact our customer service team or use our online banking platform to request a stop payment. This service helps prevent the cheque from being cashed or deposited, providing an additional layer of security against unauthorized transactions or errors.
Security and Fraud Prevention:
Fortaire employs advanced security measures to protect against cheque fraud. We use encrypted technologies and verification processes to ensure that each cheque transaction is authentic and secure. Customers are encouraged to store cheque books in a safe place, regularly monitor their account statements, and report any suspicious activity immediately.