Bank Cheque
The term 'bank cheque' describes a cheque that is issued by a bank. The law generally treats bank cheques in the same manner as ordinary cheques. Although some people regard bank cheques as equivalent to cash, there are certain circumstances where a bank cheque may not be paid.
How do bank cheques work?
A cheque is an unconditional order. A cheque is always drawn on a particular Bank. ... A cheque's payment is always in cash. This cash amount is to be paid to the person mentioned there in, or order, or the bearer.
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How do I get a bank cheque?
Most banks will allow you to order checks by visiting a local branch in person. You can either visit your regular branch, or search online or in the phone book to find the bank branch closest to you. Try using online checking. Many banks offer online checking (also called paper-free checking or online bill pay).
4 Ways to Order Checks - wikiHow
How safe is a bank cheque?
The number of people paying by cheque has taken a dramatic dip in the era of internet and mobile banking, yet bank cheques remain a relatively safe and easy way to pay. ... Fees can also range within banks, depending on whether the cheque is issued online or in a branch.
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What is a bank cheque in Australia?
A bank cheque is a cheque drawn by a bank. ... Like a personal cheque, a bank cheque shows the amount of the cheque and the name of the payee on the front of the cheque. The words 'bank cheque' also appear on bank cheques issued by most Australian banks.
Bank Cheques - Queensland Law Handbook