The check is a pre-printed document according to a standard format that shows the name “bank check” and the name of the bank that provided it.If you have a current account, you can enter into a special agreement with your bank and obtain a checkbook.A checkbook (carnet) generally contains 10 or 20 and provides that each check can be easily detached to be delivered to the beneficiary Intercheck.
If the bank authorizes you to make payments by check, you will need to deposit your signature on a special document, which will be used by the bank to verify the authenticity of your signature on checks presented for collection.
A completed check is payable “on sight”, ie it can be paid to the beneficiary upon presentation at the counter of the issuing bank. However, banks must take every precaution to avoid the dangers inherent in incorrect or fraudulent use of checks: the set of these checks – which may include strict measures for identifying the presenter of the security and for ascertaining integrity of the same – can make it difficult to pay checks in cash to non-account holders. If the bearer of the check has a current account, he or she can decide to pay the corresponding amount into his account.
When writing a check, you must do it completely using a permanent ink pen. In particular, the following must be indicated:
The place (municipality) where you are issuing the check;
The date of issue; the amount in figures and letters, always with two decimals even if the amount is equal to zero;
the name of the payee indicating the person or company in favor of whom the payment order is made;
The signature, which is the deed of signing the payment order.
When a check is “detached”, the slip, called the “mother”, which shows the number of the relevant check, remains attached to the passbook. The holder can write down, and it is useful to do so, the date, the amount and the beneficiary of the payment.
If the check lacks even one of the necessary information, the bank has the right to refuse payment to the person presenting it. The complete and correct compilation represents a form of protection for the customer who issues it , especially against the risk of altering its content. The main cost items in the check agreement relate to the issue of the checkbook.
Checks usually have the wording “non-transferable” pre-printed : this means that they can only be cashed by the indicated beneficiary.
For specific needs, you can ask your bank for checks without the “non-transferable” clause, paying a stamp duty; however, these checks can only be used for amounts of less than 1,000 euros.
In the event that the cashing of a check fails, banks generally charge specific costs.