Essay, Research Paper: Check Proceeding
Business
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Checks are written everyday at almost every place of business. At age 18 anyone
with the adequate amount of money can open a checking account of his or her own.
One aspect of checking account functions that many account owners are not
familiar with is the processing of their checks after they have been written.
When grocery shopping at a place such as Winn Dixie the customer many times
thinks to his or herself whether he or she should pay cash, charge it, or pay
for the purchase with a check. He or she may ponder this question in their mind
all the way to the check out counter. When the customer makes the decision to
pay for the merchandise with a check, a long process is started. This process
begins when the check is handed over to the cashier. Once all information has
been properly placed on the check the cashier then will normally ask for two
things, a home phone number and a drivers license number. Once all of the
necessary information has been placed on the check by both the cashier and the
customer the check is scanned in the automatic check reader. This check reader
recognizes the customers account number, A.B.A. number (or routing number), as
well as the check number. The computer system can then recognize the specific
account and check to make sure that there are no returned checks on that
account. Once the checked is approved, it is then printed or endorsed on the
back with all proper information for Winn Dixie deposits, including the amount
of the purchase, cash back received (if applicable), store location number,
date, time, cashier number, and the customer’s account number. The cashier
then stores the check in a locked box until it is time for them to go home. All
checks are then added together to make sure none are missing and to make sure
the cashier put all checks in for the correct amount. All checks received in the
office at the end of the day are totaled together and deposited into Winn
Dixie’s bank account. When the person responsible goes to the bank and makes
the deposit for the business, he or she hands a large number of checks to the
bank teller. The teller will then verify the amount of the deposit to the total
amount of the checks. After the deposit has been verified and all numbers are
correct, the teller will then run the checks through the proof machine to be
verified again. The proof machine also encodes the amount on the bottom right
hand corner of the check. When all of the work has been ran through the proof
machine it is then sorted by an automatic sorter that sorts the checks by their
routing numbers. There are five different categories that checks are sorted
into. These five categories are Canadian items, Treasury checks, items that are
drawn on the bank they are processed, items drawn from the same area in which
they are being processed, and items that are drawn from banks that are not in
the area that they are being processed. After the checks have been sorted they
are sent to the bank that they have been drawn on. Once the checks arrive at the
banks they are drawn on, they are then sorted by their account numbers. As these
checks are being sorted they are posted to the account automatically. The checks
then, in account number order are placed in a safe filing area so they will not
be lost until the bank statements are sent to the account owners. The check or a
copy of the check is then sent to the account owner in the mail with his or her
statement. In the case that a copy of the check is sent to the owner the check
is kept in a safe place until it can be properly destroyed. This is only one
example of the way a check is cleared through a certain business. Although, the
basic concept of check clearing is the same, each individual company may go
through its own processing procedure before depositing the check to the bank.
Most banks handle their checks in approximately the same manner.
with the adequate amount of money can open a checking account of his or her own.
One aspect of checking account functions that many account owners are not
familiar with is the processing of their checks after they have been written.
When grocery shopping at a place such as Winn Dixie the customer many times
thinks to his or herself whether he or she should pay cash, charge it, or pay
for the purchase with a check. He or she may ponder this question in their mind
all the way to the check out counter. When the customer makes the decision to
pay for the merchandise with a check, a long process is started. This process
begins when the check is handed over to the cashier. Once all information has
been properly placed on the check the cashier then will normally ask for two
things, a home phone number and a drivers license number. Once all of the
necessary information has been placed on the check by both the cashier and the
customer the check is scanned in the automatic check reader. This check reader
recognizes the customers account number, A.B.A. number (or routing number), as
well as the check number. The computer system can then recognize the specific
account and check to make sure that there are no returned checks on that
account. Once the checked is approved, it is then printed or endorsed on the
back with all proper information for Winn Dixie deposits, including the amount
of the purchase, cash back received (if applicable), store location number,
date, time, cashier number, and the customer’s account number. The cashier
then stores the check in a locked box until it is time for them to go home. All
checks are then added together to make sure none are missing and to make sure
the cashier put all checks in for the correct amount. All checks received in the
office at the end of the day are totaled together and deposited into Winn
Dixie’s bank account. When the person responsible goes to the bank and makes
the deposit for the business, he or she hands a large number of checks to the
bank teller. The teller will then verify the amount of the deposit to the total
amount of the checks. After the deposit has been verified and all numbers are
correct, the teller will then run the checks through the proof machine to be
verified again. The proof machine also encodes the amount on the bottom right
hand corner of the check. When all of the work has been ran through the proof
machine it is then sorted by an automatic sorter that sorts the checks by their
routing numbers. There are five different categories that checks are sorted
into. These five categories are Canadian items, Treasury checks, items that are
drawn on the bank they are processed, items drawn from the same area in which
they are being processed, and items that are drawn from banks that are not in
the area that they are being processed. After the checks have been sorted they
are sent to the bank that they have been drawn on. Once the checks arrive at the
banks they are drawn on, they are then sorted by their account numbers. As these
checks are being sorted they are posted to the account automatically. The checks
then, in account number order are placed in a safe filing area so they will not
be lost until the bank statements are sent to the account owners. The check or a
copy of the check is then sent to the account owner in the mail with his or her
statement. In the case that a copy of the check is sent to the owner the check
is kept in a safe place until it can be properly destroyed. This is only one
example of the way a check is cleared through a certain business. Although, the
basic concept of check clearing is the same, each individual company may go
through its own processing procedure before depositing the check to the bank.
Most banks handle their checks in approximately the same manner.
Other users' comments
Libya's forty two years Of Darkness. said...
07 September, 2011 10:31 AM
Now lets go back in time and take a look at the history of Libya. Libya was once a place ruled by the Berbers who were a group of people who migrated from North Africa.The Berbers ruled libya for many years until they were defeated by the Ottoman pirate king Hayreddin Barbarossa and his fleet of Turkish pirates who ruled for many of years until the Ottomans were defeated by the Italians who could only colonization part of libya which led to the war between the
Ottomans and the Italians which resulted and the Ottoman sultan ceded Libya to the Italians and Treaty of Lausanne.
Now lets speed time up and take a look at a more recent libya and its current learder Muammar Gaddafi and his rise to power. Gaddafi was born June 7,1942 in the desert the Sirte. The defeat of the Arabs by the Israelis in Palestine 1948 was a major event in the Arab world and. Gamal Abdel Nasser's rise to power in Egypt in 1952 had a very strong influence on a young Gaddafi. After the defeat of the Arab by the Isaelis a young Gaddafi who was to to little to understand it. As he grew older Gaddafi started to realize the importance of the defeat of the Arab by Isaelis and the more he started to understand to more he wished he could have helped.When gaddafi became a young man he joined the Libyan army to help keep the place that he loved so much safe. And during his time training in the army Gaddafi started to come up with a plan to overthrow the monarchy.After years of planning Gaddafi puts his plan into action on September 1, 1969 Gaddafi led a group of junior military officers and defeated king Idris in a bloodless coup d'etat and as result of this Gaddafi named himself commander-in-chief of the libyan army and the Libya's new leader.
Now let's go forward to todays Libya in the current events that are going on today. Gaddafi who is still the current leader of libya has thrown Libya into chaos. Due that the wars that he has started in the killing of his own people and also the way he runs Libya's government which he has under constant surveillance in if there is someone in his goverment who disagree with the way he is doing things they will most likely be executed publicly by hanging and mutilations.And due to these monstrous actions Gaddafi has force other nation to join in the fight to remove him from power. And even with the help of other nations and groups Gaddafi still will not relinquish his power. And because of that groups like NATO have started bombardment of Gaddafi's estate and which one of his sons was killed but, even with all that Gaddafi still will not relinquish his power. Because of this I think the U.S should step in and take Gaddafi down before more innocent people are killed.
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