- 1 What are checks?
- 2 Essential elements of blank check
- 3 Different types of checks
- 4 Reasons why you still need paper checks
- 5 Few things you must know about bank check
- 6 Benefits of paper checks
Huge collection of free blank check templates in PDF, Docs, Excel and other formats. These free editable blank check templates are easy to download and use. An official bank gives blank checkbooks to their clients for transaction of money authentically, it may be cashed or deposited. Blank checkbook is a combination of hundred blank checks, for that purpose templates of different blank checks are perfect for that purpose. Check out our guidelines for the blank check, which helps you to understand more about it. These templates are available in different designs, formats and accounts.
What are checks?
Checks are basically a piece of paper that is used to withdraw or deposit money from a specific bank. Cash check works as an instruction for the bank to pay a specific amount to the check bearer. Nowadays, the paper check is one of the safe and secure ways for money processes like deposit or withdrawal. You fill a bank deposit slip when you deposit in any bank account. Online payments are very common at this age, but some people still rely on paper checks for money management and security. There are different checks for different banks which you can download in one click and these templates are perfect for any official banks. It contains the date, payee’s name in the center of the check, the amount in numeric form, the amount in words, and the payor signs at the end of the checks — signs at the end of the check to make it a valid check. Customers prefer to make operations on the money with the bank check tool than the internet-based payment.
Every bank issues a unique checkbook to every customer who has an account. To make the bank officials work easier, we share an amazing collection of printable blank check templates that you can download in one click. For business purposes, you can see free blank business check templates in different formats that you will find nowhere else.
Essential elements of blank check
To clearly understand the check, you need to understand every component of the blank cheque template. Below we share some details about every element fo the blank check; these are as follows:
- Name of the bank at the top of your check.
- Date; In the top right corner of the check, a dateline appears.
- Name of the person on check who will receive the money. If you cashed by yourself, write your name.
- Amount in words.
- Amount in numeric form.
- The signature line is the most important part of the check. It works as a permission document or authorization to release a specific amount of money. In the bottom right, a signature line appears for the drawer’s signature to make it legal.
- Check number; it will help you to keep a record of your checks that how many checks you are used for payment.
- Account number; bank issue a unique code for every customer, account number on the check tells for the specific transaction of money like withdraw or deposit against this account number.
- Routing number; you can see the routing number on the left corner of the check. The first 9 digit codes are the routing number, also called the region number.
- Drawer: a person who writes the check
Payee: Person or organization receives the money
Drawee: Where checks are represented for payment
Different types of checks
We share a vast collection of editable blank checks templates which you can use according to your needs. Different types of checks are as follows:
A check is called a “bear check” when the bearer section appears on the check is not canceled or marked. Bearer check payable by the person who presents it in the bank, it can be any person. It is not a secure or safer type of check, but sometimes it is very helpful. Any person can cash bearer checks if it is lost. It is a risky check in nature.
A check is called an order check when the bearer on the check is canceled or marked. This type of check is cashed by the person whose name is mentioned on the check. No other person can release money except the payee. It is safer than the bearer check because only the payee can cash it.
A check is called a “Crossed Check” when two parallel lines appear on the check. It means that the cheque is not encashed on the bank counter; the credit is transferred to the payee’s account.
A check is called an “Open check” when it is not crossed or can be encashed at the counter of the bank.
If a check is cashed by the payee earlier, the mentioned date on the check is called “Anti-Dated Check.” These types of checks are cashed in a duration of three months. These types of checks are invalid if they cannot be cashed during the three months.
When a check is presented in the check after three months, it is considered as a “Stale Check” and can not be encashed by the bank.
Reasons why you still need paper checks
With lots of advantages, people go with internet-based payment to save time and faster transaction of money, but most people still rely on paper checks. There are many advantages to paper checks, which we discussed later. There are various reasons for using this standard method of payment. There are multiple reasons why people still need paper checks. Some reasons are as follows:
Checks are the king of all the payments method in terms of security and management. Small organizations use checks for their payment instead of online. You can keep a record of your payments. For money transactions, you can use different checks for different purposes. Some businesses use paper cash for money transactions like insurance companies, government offices, hospitals, and donation centers. These organizations don’t accept the payment in debit or credit.
When you use other means of payment, you pay a specific fee. That’s why most of the organizations or retailers use the check paper method because there is no fee deduction of using it. A money order is also an appropriate way of money transfer, but there are also chargers in using it. With lots of other benefits, the other one is free of cost. Payment through check is better than any other means. You can see Fillable blank check templates in Word or PD.
Useless for thieves
The name of the payee on check means that this check is only payable by that person whose name is mentioned on the check. If it is lost by the payee, then the finder is not able to encash it. In terms of security, it is a secure and safer form of payment.
Best way to keep record
A paper check is one of the appropriate ways to keep records of your payments. You can make a carbon copy of the check to keep it as proof of your payments. For that purpose, most of the organizations or retailers use check paper because paying bills with it is much easier than other means of payment. Here you can find different checks in unique design download free personal blank check templates in Word, PDF, or vector format.
In a case, when you lost your checkbook or checks, you can request your bank to stop payment through checks. It is possible to stop some specific payments when you issue a check to some party.
Few things you must know about bank check
Below we share some key points that you must know about bank cheque .
- The check can be issued by a person who has a current account.
- Must write the date when you signed it.
- Write the name of the person who receives the payment.
- The check is valid before the duration of three months from the date written on it.
- Some other lines appear on check make it invalid.
- Don’t make a “bearer check”.
Benefits of paper checks
Every payment method has various advantages and disadvantages. See lots of benefits of check paper:
- Secure way of payment
- It helps to keep a record of every payment.
- Commonly used by the government offices and small business because of bill payment with checks much easier than other means of payments
- The money will be protected from thieves because the check is only payable by the person whose name is mentioned on the check.
- Easily prove the payment you have made with the carbon copy of it because they are traceable.