What is a bank check

what is a bank check

You may have ever been paid with a bank check. Although it is not a widely used payment method, there are still people who bet on him. But what is a bank check? How is it charged?

If you ask yourself all these doubts, and some more, then we are going to clarify all the issues that may arise about this.

What is a bank check

Bank check

We can define the bank check as a check in which the drawer and the drawee are the same, a banking entity that is the one who issues it. In other words, It is a form of payment in which the bank issues the check and is also responsible for it..

That said, it means that there is a higher probability of collecting it, since the bank acts as a guarantee that that person will be paid.

The Bank of Spain itself has its own definition for the check, which would be:

"a document that allows an order to be given to the bank to pay a certain amount of money to another person, without having to resort to physical money".

If we talk about a bank one, then the person who issues it and who guarantees the payment it will be the bank itself.

Bank check and personal check, are they the same?

Although a little later we will see that there are personal bank checks, the truth is that a bank check and a personal check are not really the same.

There is a big difference between them, and lies in the fact that whoever issues and is responsible for the collection of the amount stipulated in the check is not a person or a company, but rather the bank itself.

In addition, instead of having a risk because it is not known whether it will be possible to collect or not, here the fact that it is the bank that is involved means that there is a greater guarantee of making it effective.

And bank check and conformed check?

Another question that often arises is that of think that a bank check and a conformed one are the same. Actually, there is a small nuance that differentiates them between them. Namely:

The bank check is the one issued by the bank and also acquires the responsibility to make it effective, whether or not the person he "represents" has a balance.

The conformed check is one that is issued by a person or a company, but the bank itself guarantees that that person or company has funds to be able to pay it on the due date.

Thus, we can say that the big difference between these two is the issuer, which changes in one and in the other.

Characteristics of the bank check

Once you have read the above, it is possible that you have a clearer idea of ​​what a bank check is, but also its characteristics.

These are:

  • be issued by a bank. And not by a natural person, but it is the bank that generates that check.
  • has a backup. From the bank itself, that is, the entity that has issued that check.
  • There is a higher probability of collection. Because since the bank is involved, even if the person does not have a balance, he could pay it himself (and then deduct that account from future income for that person).
  • There are several types of bank checks. Specifically, there would be three: personal, paid into account and crossed.

Types of bank checks

Types of bank checks

Before we have commented to you as one of the characteristics that there are different bank checks. But do you know the difference between them and what they are like? Don't worry, we're talking about them.

personal bank check

It is characterized because the person who is issued to a company or a company. In other words, the person who is going to cash that check will always be a person or a company.

When collecting it, you can do so by depositing the amount in an account or by paying it in cash or bearer.

Check credited to account

This is the usual form of these and, although it can be collected by a person or a company, the check requires that it has to be paid into the bank accountie you can't get the money. Now, nobody says that you can not enter and immediately withdraw that money.

crossed check

This guy is a little weirder to watch, but he exists. In fact, is a personal bank check, whose payment method can be bearer or cash. But, it has a nuance. And it is that it comes with an X (crossed by lines). That means that, even if it says that it is in cash or bearer, in reality that form of payment is denied and it can only be collected if it is paid into the account.

How to cash a bank check

How to cash a bank check

You already know what a bank check is, the characteristics and differences it has with other checks. And even the guys. Do you know then how to collect it?

Don't worry, because the truth is that it is very easy to understand.

The first thing you should know is that they have a deadline to collect it. This is regulated by the Exchange and Check Law. And how long is the time? If it is issued and it is going to be paid in Spain, then it is 15 days from the date of issue. If it has been issued in Europe, it is 20 days. And if it's from the rest of the world, then it's 60 days.

That is, if they pay you this way, you would have to wait 15 days to make it effective (That is if they have put that day on the date of issue; if not, you will have to add 15 days to the date of issue that they have put on you).

pay day all you have to do is go to the bank to ask for that money. Now, it can be charged at any bank (in general) but if it is not the bank that has issued it, it is normal for them to charge you a commission for making it effective, either for receiving the money in cash or for paying it into an account.

What happens if I miss the payment day?

It may be the case that you forget when the payment is due. As well, as long as 6 months have not passed from the date of issue (in total 6 months and 15 days) you can collect it.

If more time has passed, even for a day, that check is prescribed and it is impossible to cash it.

Has everything you need to know about the bank check been clear to you?


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  1.   John Montoya Montoya said

    In the course of my working life I have had the opportunity to come across a returned bank check that could not be cashed in the end, because the Bank in question refused to make its promise of payment effective.