What are Payroll Checks?

Cash check, "transfer check" symmetry. A check used by depositors to withdraw cash from banks or pay cash to payees. China's cash management system and settlement methods stipulate that all state-owned enterprises, institutions, institutions, and organizations that open bank accounts can only use cash checks to the extent that cash is allowed. Cash checks are not available for transfers. Lost cash cheques that have been issued can be reported to the bank. The bank will not accept any payment made before reporting the loss. ^[1]

Cash check

(1) Account number and

1.

Customers should issue checks within the balance of their deposit account. If the overdraft bank refunds the ticket, a fine of 5% but not less than 1,000 yuan will be imposed on the face value.

· The cash payment reminder payment period is 10 days. If the cash check issued by the customer exceeds the payment period, the bank that opened the account cannot accept it;
· When the customer closes the account, the unused blank check should be returned to the bank.
· Cash cheques are limited to the payee prompting payment to the payer (the issuer's bank).