Cheque: Difference between revisions
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imported>Doug Williamson (Update for decline of cheques use over time. Source: Payments and payment systems Treasurer's Handbook page.) |
imported>John Grout m (→See also: Amended to add 'post-dated cheque' and provide the alternative spelling 'payer' for payor) |
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* [[Money order]] | * [[Money order]] | ||
* [[Payee]] | * [[Payee]] | ||
* [[Payor]] | * [[Payor]] (or payer) | ||
* [[Post-dated cheque]] | |||
* [[Substitute check]] (US) | * [[Substitute check]] (US) | ||
* [[Transit routing number]] (US) | * [[Transit routing number]] (US) | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
Revision as of 17:49, 31 October 2017
A written order from one party (the drawer) to another (the drawee, normally a bank) requiring the drawee to pay a specified sum on demand to the drawer or to a third party specified by the drawer.
Historically, cheques have been very widely used for settling debts and withdrawing money from banks.
Their use has been declining as they are replaced by electronic and card payments.
Note: US spelling of cheque is "check".
See also
- Bank cheque
- Bill of exchange
- Cash letter
- Cheque clearing
- Cheque truncation
- Clearing float
- Country items
- Draft
- Drawee bank
- Drawer
- Electronic check (US)
- Magnetic ink character recognition
- Mail float
- Money order
- Payee
- Payor (or payer)
- Post-dated cheque
- Substitute check (US)
- Transit routing number (US)
- Payments and payment systems
