Writing a Cheque

What’s a cheque?

A cheque is a payment method that can be practical on certain occasions, e.g., to pay the rent. It’s sort of a written permission to withdraw an amount from an individual’s account (the payor) and to deposit it in another individual’s account (the recipient).

Where to order cheques

When you open your account, ask your caisse populaire for cheques. It’s also possible to order them online through AccèsD. Note that there are fees to pay to get a chequebook.

How to write a cheque

  • Before writing a cheque, make sure you have enough money in your account. If the cheque amount is higher than the funds available in your account, not only will you have to pay more than $40 in fees, but your credit file will be tarnished.
  • Make sure you fill out all the lines legibly and that you don’t cross out anything.
  • If you make a mistake, you can correct it by crossing out the error, correcting it and putting your initials next to it.
  • If you think that your cheque is not legible or that the caisse populaire may not understand your writing or corrections, rip up your cheque into small pieces and write a new one. Indicate in your chequebook that this cheque has been discarded.
  • Don’t forget to enter the name of the person whom you have made the cheque out to and the amount. It’ll be easier to find out, later on, where this amount went.

Did you know?

It could be easier and less costly to make a money transfer in AccèsD to pay back a friend or family member.

It’s also faster to pay your bills online.

Your money is on hold?

When you deposit a cheque in your account, the money isn’t available right away. Your caisse populaire holds the funds while processing the cheque and making sure that it’s accepted. Funds are generally held for 5 business days when you deposit a cheque at the counter and for 7 business days when the deposit is made at an ATM.

Le savais-tu?

To avoid having a hold placed on your funds, you can:

  • ask your employer to deposit your pay directly into your account
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