Q:

What is a counter cheque?

A:

Quick Answer

A counter check is a check with blank spaces for the account information. Banks give these out to customers who have not yet received pre-printed checks. They may also give them to customers who have no other means of withdrawing cash from their accounts.

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Full Answer

Since counter checks rely on handwritten account information, many businesses don't accept these as a form of payment due to the potential for fraud. Some banks have the capability of printing a small number of starter checks with official account information. This allows new account holders to immediately gain the ability to access the funds in an account.

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