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Checks are monetary instruments that carry a certain value (as much as the number mentioned in it). They can be used as instruments of payment by one person to another. Person A fills in a certain number in his check, signs it and gives it to Person B for payment. Person B will be able to use this check to get the money due to him from person A.
Checks are usually written in cases where a person who has to pay another person money does not carry sufficient cash with them or do not wish to pay cash but instead want to pay them through other means.
What else can I help you with?
Why to use check?
You use cheques as a a substitute for cash when you don't have enough cash in hand. You can use cheques at banks, shops etc. Cheques are negotiable instruments that can be treated at par with cash.
What currency does Gambia use and what travellers cheques will they accept?
Can I use Thomas cook travellers cheques in the Gambia
Can you use cheques in different order than numbers on cheque?
Yes, you can use them in any order you like. Let's say you have Cheques with numbers 500001 to 500050 in your booklet, you can first use 500050 and then use 500024 and then come back to 500001. no one will ask you why you are doing so. That's because it is your cheque booklet and you can use the Cheques in any order you want.
What methods can be used to deposit cash and cheques to a business bank account?
By usin cheques,it can be a cross cheques or open cheques
What is the collective noun for cheques?
The collective noun for cheques is typically "a batch of cheques." This term is used to describe a group of cheques that are processed or issued together. Other terms like "a book of cheques" may also be used when referring to a physical booklet containing multiple cheques.
Can you look at cheques from a closed bank account?
Oh Yes. You can always look at the Cheques from a closed bank account. But, if you try to use them - then it becomes a crime. Issuing/using Cheques from a closed bank account is a criminal offence and you can be fined and/or jailed for doing so.
Why cheques are not considered as part of money supply?
what is a cheques
What is cheque book?
a cheque book is a collection of individual cheque leaf's. it may have 10 or 20 or even 50 cheques you can use these cheques to withdraw cash or make payments to others.
Can cheques be falsified?
Yes. Cheques can be falsified but it is illegal. Only banks can issue Cheques to their customers. No one else is authorized or rather supposed to print Cheques. If anyone is found/caught printing/using bogus or fake Cheques they can be legally prosecuted and jailed for it.
What is the meaning of Non Micr cheques?
Defination for NON-MICR CHEQUES
Can you use travellers cheques in pattaya?
Yes any bank will exchange for you and you get a good rate as well.
How long does it take to clear travellers cheques?
travellers cheques do not have to be cleared, this only applies to regular cheques. travellers cheques are bought up front from a bank, so it is guaranteed cash to the person you are dealing with. If you should lose them or are stolen, the cheques are insured, so you will get your money back in a reasonable amount of time.
