Banking 101: What Is a Checking Account?

A check is a legal document that guarantees payment from one party to another. The person who writes the check is certifying that they are indebted to the person receiving the check. A review includes several blanks to be filled, as the name of the person making the payment, the name of the person receiving the payment, the description of the purpose of the payment (or name) and the amount and the signature of the person are making the payment.
The person receiving the check can go to their own bank or bank checks as a service does not change. If the person has a checking account, then he can cash a check at your bank for free. Alternatively, going to a non-bank, the person cashing the check will have to pay a fee.
A person wishing to cash a check can do this in several ways. You can give the check to the cashier along with a photo ID inside the lobby of the bank, use the drive-through and hand the check to the cashier window, or use an ATM that print a copy Carbon verification as to maintain bank records.
A check can be passed from one party to another. The bank will be required to endorse the check with your signature on the back before cashing or apply the funds to a checking account. If the person receiving the check would like to give the check to a third party, the check must be endorsed to this match with a signature on the back.

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