| When a bank issues a check on its own | | | | respective attached documents to a check |
| account to a customer, it is called a | | | | beneficiaries home or business address. |
| bank check. Such checks are issued for | | | | Bank checks are perhaps the most |
| payment to a third party and are also | | | | economic way of international money |
| variously called as cashier's check or | | | | transfer. It is especially convenient |
| treasurer's check. Such checks are | | | | when small amounts of money are |
| generally treated by the law in the same | | | | transferred because it is not necessary |
| manner as ordinary checks. Many people | | | | to make an extra money transfer. Modern |
| regard bank checks as equivalent to | | | | banks sell and collect checks of other |
| cash, which it is not. In certain | | | | banks also, the value of which is |
| instances a bank check might not be | | | | denominated in convertible currencies. |
| paid. A bank check can be used to | | | | Some advantages of bank checks include |
| purchase large items such as a car. | | | | settlements with foreign partners. Bank |
| Bank check payment is often considered | | | | checks make it possible to make |
| an alternative to bank wire transfer. It | | | | settlements for products and services |
| is ideal for commercial payments between | | | | with foreign partners, meaning |
| companies. Such checks also find | | | | subscription can be made for books or |
| extensive use for the payment of | | | | publications, lotteries, goods and |
| different fees and services. Modern | | | | education at schools abroad. Even cash |
| banks issue bank checks even without the | | | | gifts can be sent through this way. A |
| customer having an account with the | | | | bank check is also a very convenient way |
| respective bank. The check issue | | | | of settlement if there is little |
| procedure is very simple and takes only | | | | information about beneficiary of the |
| a small time to process. Banks also send | | | | check. |
| the issued bank check along with | | | | |