Tips For Avoiding Bad Checks
By Furniture World Magazine on
Check accptance proceedures for furniture retailers.
Houston based TeleCheck Services Inc., a company that provides check acceptance, check guarantee, new account services and recovery services, suggests that retailers follow the following check acceptance procedures this coming holiday season:
- Establish a check acceptance policy on what are the acceptable forms of ID, what information is required or if there is to be a dollar limit and make no exceptions from the policy. Fraud artists are skilled at creating hassles or confusion that can leave you stuck with a bad check.
- When accepting a check, make sure the name, address and phone number is printed on the check and the written and numeral amounts correspond.
- Pay attention to the "feel" of the check; most check paper has the same weight and texture.
- Watch the check writer sign the check and have the customer print the name below, if the signature is illegible.
- Compare the signatures, photo and physical description of the ID with that of the check writer.
- Check the driver's license, which should be smooth all over with no ridges that indicate an alteration or modification. Verify that the ID is still valid.
- Write on the check a place of employment, work number or Social Security number.
- Check the account's opening date (month & year) usually indicated by four numbers to the side of the account holder's name and address. Recently opened accounts can be an indication of a potentially risky check.
- All checks, except government checks, should have a perforation along one side of the check.
- Use a check guarantee or verification service.
Furniture World is the oldest, continuously published trade publication in the United States. It is published for the benefit of furniture retail executives. Print circulation of 20,000 is directed primarily to furniture retailers in the US and Canada. In 1970, the magazine established and endowed the Bernice Bienenstock Furniture Library (www.furniturelibrary.com) in High Point, NC, now a public foundation containing more than 5,000 books on furniture and design dating from 1620. For more information contact firstname.lastname@example.org.