What is a Bank Check and how to fill it out?
Posted: Thu Dec 05, 2024 10:06 am
A bank check is a payment method requested by the customer and issued by the bank. A bank check is normally used when the maximum limits of other payment methods (ATM, home banking or credit cards) are exceeded. For example, a bank check is used when purchasing a car or when signing a property purchase and sale deed.
Costs of Issuing a Bank Check
The amount that individuals or companies pay skype database cheques (or cheque books) depends on the banking institution. Typically, the amounts range from €15 to €55:
15€ (BPI);
€20 (General Deposits Bank, Novo Banco, Millenium BCP, Bankinter, Santander Totta);
€55 - Agricultural Credit.
How to Fill Out a Bank Check
Although not all blank fields on the check must be filled in, it is advisable to do so for security reasons.
Date: mandatory field, where the check issue date must be entered in numbers.
Cheque amount: also mandatory, you must enter the amount in numbers, with the respective decimal places (€125.00). Any spaces on the left that are not filled in must be crossed out with horizontal lines. In addition to the numbers, you can also fill in the amount in words.
Place of Issue: the place of issue of the check is not mandatory, but advisable.
Signature: exactly as it appears in the bank records, without exceeding the limits.
To the order of: place to write the name of the check beneficiary.
It is possible to cancel a bank check, however the bank that issued it may charge a cancellation fee.
Types of Checks
There are several types of check issuance that can be used:
Nominative check – check with the name of the beneficiary;
Check to order – check containing the expression “to the order of”, allowing transmission to a third party;
Non-order check – check bearing the words “not to order”, which can only be paid to the beneficiary indicated on it and cannot be endorsed to third parties;
Crossed check – check crossed by two parallel and oblique lines, in the upper left corner;
Certified check – the bank certifies the existence of funds through a specific stamp.
Costs of Issuing a Bank Check
The amount that individuals or companies pay skype database cheques (or cheque books) depends on the banking institution. Typically, the amounts range from €15 to €55:
15€ (BPI);
€20 (General Deposits Bank, Novo Banco, Millenium BCP, Bankinter, Santander Totta);
€55 - Agricultural Credit.
How to Fill Out a Bank Check
Although not all blank fields on the check must be filled in, it is advisable to do so for security reasons.
Date: mandatory field, where the check issue date must be entered in numbers.
Cheque amount: also mandatory, you must enter the amount in numbers, with the respective decimal places (€125.00). Any spaces on the left that are not filled in must be crossed out with horizontal lines. In addition to the numbers, you can also fill in the amount in words.
Place of Issue: the place of issue of the check is not mandatory, but advisable.
Signature: exactly as it appears in the bank records, without exceeding the limits.
To the order of: place to write the name of the check beneficiary.
It is possible to cancel a bank check, however the bank that issued it may charge a cancellation fee.
Types of Checks
There are several types of check issuance that can be used:
Nominative check – check with the name of the beneficiary;
Check to order – check containing the expression “to the order of”, allowing transmission to a third party;
Non-order check – check bearing the words “not to order”, which can only be paid to the beneficiary indicated on it and cannot be endorsed to third parties;
Crossed check – check crossed by two parallel and oblique lines, in the upper left corner;
Certified check – the bank certifies the existence of funds through a specific stamp.