Check To Order Example

The check is a document that is issued by a banking institution in the form of a booklet to an account holder or a legal person such as companies and institutions. example of a check it will always be useful to know its structure.

With this document you can make payments of any amount in favor of another person, who can also be a legal or natural person.

The check to order, also know as nominal check It is a payment document, which is issued by the issuer, who is the person to whom the booklet or check book was delivered and who is the owner of the account from which the funds are withdrawn.

1.- Who issues the check to order.- The check is a document printed by the bank and can hold any amount of money.

2.- Who writes the check to the order.- The check can be made out by the owner of the bank account with which the check book is supported or by the representative of the company or institution, who will assume the corresponding responsibility and will sign off.

3.- Who receives the payment of a check to the order

.- The payment is received exclusively by the beneficiary who is the person whose name is written in the check and to cash it, the name and identification that accredits it is essential.

In the case of being a legal person, the duly identified representative will receive it and it is generally deposited in the account of the legal person.

A check to the order has the same value of money, so it can be reached endorse, but for this it must be endorsed only by the beneficiary and his signature must be recorded.

This type of endorsement is generally made with a letter of declaration of transfer of rights signed by both parties, although it is not required and the endorsement of the check is It must be done on the back of the document, it is not valid if it is done on the front and if it does not have the corresponding signature, it is always convenient know what is an endorsement and how to do it.

The different types of checks let us know which is the most appropriate.

In order to know how to fill out a check, you can see in this example:Example of the structure of a check

Example of nominative check or to order:

The check to be valid must have:

• The text "check"
• The date of issue
• The payment order to the beneficiary
• Name of beneficiary (who receives)
• Name of the drawer (who pays)
• Amount written in letters
• Amount written in number
• Signature of the drawer (who pays)
• Security markings (may not be seen with the naked eye)
• Check number (in case they are serialized)

Examples of other types of check:

In the banking field, various types of checks have been created, such as:

1. Simple check
2. Cross check
3. Check not to order
4. Cashier's check
5. Traveler's check
6. Check to bearer
7. Cancel check
8. Certified check
9. Check for account accreditation

There is also a ketch policy:

• Check policy

If it was useful, give us a +1.