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Cheque card |
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Cheque cardA card, issued by a bank (or a building society in the UK), which guarantees the payment of a cheque to the recipient and which supports a cheque for obtaining cash, both up to a stated value.Similar MatchesEurocheque schemeEurocheque schemeA European payment scheme in which a person person can use eurocheques and a guarantee card where the EC sign is displayed to purchase goods and obtain cash in the local currency of a European country outside his/her country of residence. The eurocheque is debited from the person's current account after currency conversion. Cheque clearingCheque clearingA system which enables cheques to be transmitted between banks (and between branches) in order to transfer funds. Counter chequeCounter chequeA cheque withdrawal made over the counter, issued by the cashier. Cheque accountCheque accountAn account, with a bank (or additionally a building society in the UK) into which deposits are made and from which payments are made by cheque. Traveller's chequesTraveller's chequesCheques issued by credit card and charge card companies and banks etc which enable the holder to obtain cash or pay for goods and services when visiting a foreign country. The cheques are signed by the traveller on their receipt and again when payment is being made. They are covered against loss provided the issuing company is notified within a specified period. |
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