Question

what is cheque payment​

Answer 1

Answer:

the amount of money given by some one from this bank to u is called check.

Answer 2

A check payment is a negotiable instrument drawn against deposited funds, to pay a specific entity a specific amount of funds on demand. A check has traditionally been physically routed from the payer to the payee, then to the payee's bank, which issues funds to the payee, and then by the payee's bank to the payer's bank. The payer's bank then shifts funds from the payer's account to the payee's bank, thereby settling all accounts.

A Cheque is a document which orders a bank to pay a particular amount of money from a person’s account to another individual’s or company’s account in whose name the cheque has been made or issued. The cheque is utilised to make safe, secure and convenient payments. It serves as a secure option since hard cash is not involved during the transfer process; hence the fear of loss or theft is minimised.