Suppose a person writes a check out to someone that they owe $500, but does not specify the amount on the check and instead tells the person to fill out the amount for five hundred and cash it. If the person fills the check out for 1,000 instead and the bank honors it, how much can the bank receive for the check?
After signing a check, one should never leave the amount payable blank.
If a bank is presented with the check, the bank will honor the check as long as sufficient funds are available in the account. If the available funds are insufficient, the bank will honor the check if there is adequate overdraft protection in place on the account. The bank will probably assess an overdraft fee to the account holder as well.
Specifically, if the amount payable has been filled in with a dollar amount,
$1000.00 and the correct corresponding amount is written out as well
One thousand dollars and -------------------------- 00/100
then the check is valid.
If the check has not been presented to the bank for payment yet, it may be possible to stop payment on the check. This is not a guarantee though, and it will be associated with additional fees. If done in time, it would prevent the check from being honored though.
You should contact your bank as soon as possible if the situation is such that you may be subject to an unauthorized debit (withdrawal) of $500.00 from your account.