Bank Checks


Visitors: 182

A bank check is a guaranteed check issued by the bank on the bank’s own account, after a purchaser (usually a depositor in the bank) “buys” it. It is guaranteed because it is as good as cash – the purchaser of the check pays the bank the sum indicated on the check (either directly or through account debit), so there is no way the check will bounce.

Bank checks are very handy when you need to pay a large amount of money but do not want to carry cash. Most purchasers of bank checks use them to pay for big acquisitions like properties, to pay taxes, to close business deals, etc.

A bank check typically looks like a regular check, except that it is bank issued and does not depend on anyone’s account. It also has the basic elements of the regular check: a date and place of issue, a check and account number, a clearly written payee name, a clearly written amount of currency, and of course, the signature of the drawer (in this case, the bank manager).

Like a regular check, a bank check is typically valid for six months after the date of issue (except in special cases when the validity date is otherwise indicated).

Anyone can apply for a bank check, but the process is made much easier if you are already a depositor at the bank where you want to buy a bank check. In this case, they simply debit the amount of the check from your account, write up the check, give you a receipt and the check, and send you on your way. If you do not have an account in the bank you want to buy from, you can pay them upfront, and they can immediately write you a check. Note, however, that banks usually impose service charges for this request. The service charge varies, but it is typically only a few dollars (or more, depending on bank regulations or the amount of the check).

Bank Checks provides detailed information on Bank Checks, Personal Bank Checks, Cheap Bank Checks, Order Bank Checks and more. Bank Checks is affiliated with Computer Speed Check .


Article Source:

Rate this Article: 
Offshore Bank Accounts - Offshore Banking Swiss Bank Account - Private Bank ..
Rated 4 / 5
based on 5 votes

Related Articles:

Order Bank Checks

by: Kristy Annely (August 14, 2006) 

Cheap Bank Checks

by: Elizabeth Morgan (August 20, 2006) 
(Finance/Personal Finance)

Family Checks, Personal Bank Checks For Your Family

by: Mirjan Stojanovic (October 06, 2011) 

Bank Checks and Personal Credit Score Basics

by: George Bank (May 07, 2008) 

Order Bank Checks Online - A Small Step Towards Financial Freedom

by: Vincent Richman (September 07, 2008) 
(Finance/Personal Finance)

Online Safely For Ordering Business Checks or Discount Computer Checks

by: Georg E (February 02, 2007) 

Disney Checks: Purchase Quality Checks Online

by: Brad Roberts (November 07, 2011) 

Employee Background Checks: Security Checks on the Increase

by: Fred Appleyard Jr (September 17, 2005) 

Order Personal Checks and Business Checks Online

by: Brad Roberts (August 19, 2011) 
(Home and Family)

Offshore Bank Accounts - Offshore Banking Swiss Bank Account - Private Bank ..

by: Billy Fitzgerald (April 13, 2007)