The address line on Canadian cheques can sometimes take up to two lines depending on your type of residence. When you look under the “ Name” line of most Canadian cheques, you should see another line designated to the Address of the account holder. In case you changed your business name at some point, make sure you notify your bank to reflect such a change. If you’re issuing the cheque through a business bank account, then make sure the name written on the cheque is your legal business name. This part of the cheque is where your legal name should be written and the name must match that of your government-issued ID. The upper left-hand section of Canadian cheques usually contains the account holder’s name. Let’s now take a look at the main components of a Canadian cheque, using a CIBC void cheque as an example.
Regardless of such differences, the following are the main components of Canadian cheques: However, there might be slight differences when you compare the cheques issued by different Canadian banks. This means that if you can read a TD cheque, you can likely read a BMO cheque or other Canadian banks’ cheques. In general, most Canadian cheques have the same components. Reading a Canadian cheque is very easy once you understand the main parts of a cheque.
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