A cheque is a document instructing the bank to pay somebody else a sum of money. It is a way of making a payment without using cash.

Basic features

When an account holder (the drawer) writes a cheque, he or she gives the bank (drawee) an order to pay another person or company (payee or bearer) a certain amount of money

Types of cheques

What different types of cheques are there? Which are most frequently used?

Unpaid cheque

What happens if a cheque is unpaid, lost or stolen?


Did you find this information useful?