An important tip to avoid losing money when using cheques in Chile. The thing you need to do on all your cheques.
Everyone knows how does a cheque work, so I am not going to explain again.
However, there is crucial point to know regarding cheques in Chile (maybe it’s the same in your country. As far as I’m concerned, it was different), which can cost you a lot of money.
In Chile, cheques:
Conclusion: if you write a cheque to someone, and it gets stolen, the thieve can cash it, and you’re screwed.
To avoid this, when you receive a new cheque book, we advise you to:
Yes, this a bit tedious to do… but it’s best to be on the safe side.
Here is a normal check (without the name/account number of course) :
Here is the modified and more safe version :
Ideally, this should be done on your entire checkbook as soon as you receive it. Otherwise, it is easy to forget and when the check is issued, it is too late.