Example of Check Types

The types of check that exist They have been created due to the need to make different payments and these payments can have different processes.

For this reason, the checks have been accommodated to each case, which was causing different changes in formats and their handling; but these are always aimed at transferring economic values ​​from medium to large quantities safely.

The variants always focus on different uses and different types of armor. And among the checks we must include the bills, which are direct descendants of the checks and are exchange documents or checks, which are attested by the bank of each country.

The situation changes a little more, due to the fact that there are laws that support and protect the handling of checks, and it is also necessary to Note that checks are not a substitute for cash and that cards do not have the same value as the cashier's check. paper.

These documents have been manufactured in various types of materials, which increase their security and resistance.

How many types of check are there?

List of the main variants that exist of checks:

1. Simple check.- The simple check is the one that is issued by a natural or legal person to be cashed by another person in equal circumstances.
2. Check to bearer.- This type of check can be cashed by anyone, since it takes the function of cash.
3. Check to order.- This check is the one that is addressed to a person (physical or moral), specifically, but it can be cashed in case of being endorsed.
4. Check not to order.- This check bears the inscription "not to order", which requires that it be paid to the person, company or institution that is written.
5. Crossed checks.- When this check is cashed, it can only be deposited in a specific account, it has diagonal stripes to distinguish it.
6. Certified check.- This type of check is called certificate because the amount to be delivered to the account of the person issuing it is certain.
7. Traveler's check.- These are the checks that are issued to the account owner so that he can cash them in branches and subsidiaries outside the territory or abroad, intend to insure the money of the travelers.
8. Cashier's check.- This type of check must be paid by branches of the issuing bank and by affiliated banks.
9. Check for account accreditation.- This check is marked with the account number and the name of the holder, which forces it to be deposited in said account, even if it is endorsed.
10. Canceling checks.- This check has fixed amounts and is used for the acquisition of large items, in large quantities, livestock, real estate or of high value.