Bank cheque: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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A cheque drawn by a bank on itself. The cheque is purchased by the payor and sent to the payee, who presents it to its bank for payment. That bank presents it to the payor’s bank for reimbursement. | A cheque drawn by a bank on itself. The cheque is purchased by the payor and sent to the payee, who presents it to its bank for payment. That bank presents it to the payor’s bank for reimbursement. | ||
== See also == | == See also == | ||
* [[Bank draft]] | * [[Bank draft]] | ||
* [[Cheque]] | * [[Cheque]] | ||
* [[Payments and payment systems]] | |||
Revision as of 16:15, 29 November 2014
A cheque drawn by a bank on itself. The cheque is purchased by the payor and sent to the payee, who presents it to its bank for payment. That bank presents it to the payor’s bank for reimbursement.
