What is a bank check? Sample of filling in a bank check. Types of Bank Checks

In developed countries, checks are also used for settlements between individuals and legal entities. Their appeal does not raise unnecessary questions. The situation is different in Russia and Ukraine. You will learn about why this happens from this article.

Definition

Bank check - a security with a written order to the bank to pay the specified amount to the holder. If such a document has been issued for cashless payments, then four parties will participate in the operation:

1. Bank, which issues forms to the client and ensures their payment.
2. Drawer - the person who wrote the document. The drawer guarantees the receipt of funds by the counterparty by paying for goods, work, services.
3. Holder - a person or organization that has received a security and may require the issuance of money on it.
4. Bank of the check holder, which can transfer funds to the client’s account.

Features of use

Settlements between individuals using checks are not yet practiced in the Russian Federation. But abroad, this method is widespread. Before issuing the forms, the bank is obliged to enter in them information that confirms the authenticity of the documents:

• the name of the financial institution, its location - in the upper left part (if the document is issued by the branch, its address must be indicated on the right);
• institution number according to the CBR;
• name of drawer, name of individual;
• the limit must be indicated on the back.

Together with checks, the bank issues one copy of the identification card to the client. With subsequent re-releases, it may not be replaced if the limit has not been exceeded. A bank check can only be used if there is enough money on the client’s account to immediately pay for the services of a financial institution. This problem can be solved in the following ways:

• the limited amount is withdrawn from the client’s current account and transferred to a separate counterparty account with a bank, funds will be debited from it in the future;
• in case of temporary lack of funds from the client, the bank can compensate them at the expense of its own funds.

The main function of a bank check is to use it as a means of payment when purchasing goods and paying off debts on mutual settlements. Also a check is:

• a way to get money in a financial organization;
• cashless payment tool.

Types of Bank Checks

Personal check billed to a specific recipient. Only this person can receive a sum of money.

Order check also written out for a specific person, but anyone can cash it. This possibility is fixed by the endorsement (endorsement) on the back.

Bearer Check can be transferred to another person without additional marks on the paper itself. In some cases, such securities require a specific recipient of funds.

Cross check cannot be cashed. It works according to this scheme: the owner submits a security to the bank, which transfers the amount from the "issuer" account to the holder.

A check when paying with a credit card for goods in a store does not apply to any of the above types. It is not a security, but only confirms the fact of the transfer of funds.

Filling a bank check

To receive the forms, the company must submit a statement signed by the director of the organization. To ensure payments by deposited funds, you must also write payment order. The check holder must check the following details:

• passport details of the drawer;
• signature of the person who wrote the document;
• the amount must not exceed that indicated on the back;
• the account number in the document must match the data on the card;
• on the back, the company makes a stamp on top of the official’s signature.

A bank check is registered in the registry. It must be presented for payment within 10 days after issuance.

A bank check, the sample of which is presented below, must be completed according to the following rules:

1. All data is entered with a ballpoint pen.
2. Dates are in words.
3. When specifying the amount in figures, double striking through the empty seats is required.
4. The name after “pay” indicates the full name of the holder in the genitive case.
5. The amount in words is entered from the beginning of the line. At the end, the word "rubles" is put. Spaces are not allowed.
6. A bank check is signed only with a ballpoint pen after filling in the details.
7. Amendments to the document are not allowed.
8. The completed check is sealed. A print is not required only if the sample card indicates that the company works without it.
9. All details of the spine must be filled.
10. The receipt of receipt, which the bank takes, is here.
11. If the current account is closed, the checkbook and all unused roots must be returned to the bank.

Document circulation scheme

1. The drawer applies for the issuance of forms and a payment order for the deposit of funds.
2. The bank fills in the details and gives the documents to the holder along with an identification card.
3. The organization writes a check.
4. The holder makes 4 copies of the document and transfers them to the bank to receive funds.
5. The financial institution sends the original and three copies to the RCC. This structure credits money to the check holder account. One copy remains in the RCC. The remaining two are sent to the appropriate structure, which serves the financial organization of the drawer.
6. Based on registers, the bank writes off money from the client’s account and reflects this operation in the RCC.

Cash withdrawal by individuals in the Russian Federation

1. Give a bank check for collection. The essence of the operation is that the financial institution sends the Central Bank to the institution that issued it. If the document is genuine, the correspondent transfers the indicated amount. A commission is charged for this operation. In Sberbank, it is 3% (minimum $ 3). The client pays this money not at the time of receiving the transfer, but at the time of filling out the application. If the document is invalid, then the commission is not returned. A commercial bank may ask for an additional deposit of $ 25-50. This is the most reliable scheme, but the process takes one and a half to two months.
2. You can cash funds abroad while traveling. You can exchange at least all the checks at once. Moreover, the income will not be known to the tax inspectorate in the Russian Federation.
3. If a trip abroad is not planned in the near future, and the money is needed as soon as possible, then you can use the additional service of the bank: open a correspondent account to which funds from cashless checks will be transferred. The process takes up to three weeks. But the service is expensive and the percentage for the service is high.

Problems of circulation in Ukraine

The closest neighbors are even worse off. In 2013, American Express stopped supplying traveller's checks to Ukraine. But you can still hand them over for collection. The number of organizations that will accept a bank check issued by Google AdSence is constantly decreasing. This trend is caused by the development of modern methods of calculation related to remote control.

Operations with checks are still disadvantageous to customers and banks in Ukraine. Foreign financial organizations either refuse to accept registered securities for collection or raise tariffs. The second problem is caused by the low profitability of the operation and the high cost of verifying data.The same trend is observed in domestic banks: the size of the commission a year ago increased by 0.5-2 percentage points. on average, and the limits have not changed.

Summary

Checks are used as a means of payment abroad. In Ukraine and Russia, this tool is less popular. Its use brings a lot of problems to the holders. To date, such types of bank checks are used as cross and bearer. They repay offsets between legal entities. Freelancers who earn on foreign resources receive personal documents. But it’s pretty hard to cash them out anyway. Having paid a large percentage and having waited about two months, the check holder may not receive a payment at all.