A check is a written order from a depositor to a bank to pay a specific sum of money to a specific person or company. Checks are used to make payments for goods and services, as well as to transfer money between bank accounts.
Customer checks
Customer checks are checks that are issued by a bank to its customers. These checks are typically used to make payments for goods and services, as well as to transfer money between bank accounts. Customer checks are different from cashier's checks in that they are not guaranteed by the bank. This means that if a customer check bounces, the bank is not responsible for paying the amount of the check.
Key differences between checks and customer checks
* Checks can be issued by anyone, while customer checks are only issued by banks.
* Checks are not guaranteed by the bank, while customer checks are.
* Checks can be used to make payments for goods and services, as well as to transfer money between bank accounts. Customer checks can also be used to make payments for goods and services, as well as to transfer money between bank accounts.
Which one should you use?
The type of check you use will depend on the specific situation. If you are making a payment for a large amount of money, you may want to use a cashier's check to ensure that the payment is guaranteed. If you are making a payment for a small amount of money, you may want to use a personal check or a customer check.
