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.
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.Learn More
A banker's cheque is given by a bank and payable to a specific payee, notes CIMB Bank. These cheques are used by individuals who do not have an account with the bank but would like to use a check as a form of payment.Full Answer >
The terms "bearer cheque," or "bearer check," refer to a check that is payable to whoever presents the check, rather than to a designated payee, according to the Bank of New Zealand. According to BusinessDictionary, such checks may also be referred to as "bearer drafts."Full Answer >
Checks generally do not have expiration dates, and banks may cash checks even if they were written more than six months in the past. However, banks have the option to honor or dishonor a check more than six months old.Full Answer >
In most cases a personal check is valid for 180 days from the date it was written. If the check is not cashed or deposited by then, it is considered void. Most banks will refuse payment of the check if it is presented after this period.Full Answer >