What Is a Personal Check?

A personal check refers to a bill issued by a drawer (individual) and entrusted by a bank or other financial institution that handles check deposit business to pay the determined amount to the payee or bearer unconditionally when the ticket is seen. Personal checks are divided into cash checks and transfer checks. Cheques that are not crossed are ordinary cheques that can be used to withdraw cash or transfer money. The two parallel lines drawn in the upper left corner of the ordinary check are transfer checks, which can only be used for transfers, not cash.

Personal check

After opening a personal checking account, individual consumers only need to hold

Since personal checks are based on

Custody depositors are allowed to receive personal cheques appropriated from the bank where they are opened in the same way as cash. Blank checks cannot be mortgaged to the sales unit or handed over to the sales unit for signing. Once issued

Get a personal check

In various occupations

Residents who sign cheques must have basic civil capacity, a compliant bank settlement account, good personal credit and a stable source of income.

When issuing cheques, special attention should be paid to the following: First, check the bank institution code. According to the regulations, the cheques used in different places should record the 12-digit national banking institution code. The second is to confirm the amount of cheques issued. The amount of cheques used in different places cannot exceed the upper limit set by the central bank, which is tentatively set at 500,000 yuan. Third, when issuing cheques, it is necessary to ensure that the account balance is sufficient to pay the amount of cheques issued during payment, otherwise, issuing short cheques will be punished accordingly.