Cheques

A cheque is a written order from a bank account holder instructing the bank to pay a specified amount of money to a designated person or organization. It serves as a safe, written method of transferring funds instead of cash. When you write a cheque, you are authorizing your bank to deduct the amount from your account and pay the recipient. Cheques are commonly used for paying bills, rent, or purchasing goods and services, providing a traceable and secure payment method. They are subject to bank processing times and can be canceled or marked invalid before being cleared.