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A cheque is a written instruction to a bank to pay a specified amount of money from your account to another person or organization. It was a common and important method of transferring money before digital banking became widespread.
AI-generated from the Wikipedia summary — may contain errors.
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Encyclopedic overview
45 sectionsContents
- Nature of a cheque
- Spelling and etymology
- History
- Early years
- Modern era
- Parts of a cheque
- Attached documents
- Usage
- Declining use
- Decline in Asia
- Decline in Europe
- Decline in North America
- Decline in Oceania
- Alternatives to cheques
- Variations on regular cheques
- Cashier's cheques and bank drafts
- Certified cheque
- Payroll cheque
- Warrants
- Traveller's cheque
- Money or postal order
- Oversized cheques
- Payment vouchers
- Cheques around the world
- Australia
- Canada
- India
- Israel
- Japan
- New Zealand
- Poland
- Turkey
- United Kingdom
- United States
- Cheque fraud
- Embezzlement
- Forgery
- Identity theft
- Dishonoured cheques
- Consumer reporting
- Lock box
- See also
- Notes
- References
- External links
thumb|upright=1.3|A South African cheque from 1933
A cheque (or check in American English) is a document that orders a bank, building society, or credit union, to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing, checking, or share draft account) where the money is held. The drawer writes various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to pay the amount of money stated to the payee.
Excerpted from Wikipedia’s “cheque” article, available under the CC BY-SA 4.0 licence.
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