The system of cashless payments is quite convenient. You do not need to deal with cash, and the procedure for settlements between clients, even those located in different parts of the world, is greatly simplified. One such payment method is bank checks.
What is a bank check
A bank check is a security used in non-cash transactions. It contains the order of the issuer of the check to issue the specified amount of money to the holder of the check document. A check drawer is a bank customer who has an account, and the check holder is the person who receives the check.
The check form does not have the title of legal tender, but it has its own value. It contains a request from the bank’s client to transfer his funds to the person indicated on the check. Checks can be used by both individuals and companies.
