Question

what is cheque? why do bank issue cheque

Answer 1

Hey mate here is ur answer
✒ A cheque is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.
Hope it helps
plz mark❤❤❤❤

Answer 2

Hey Mate __!!!

What Is Cheque ?

AnsweR :-

A cheque is an unconditional order addressed to a banker, signed by the person who has deposited money with a banker, requesting him to pay on demand a certain sum of money only to the order of the certain person or to the bearer of the instrument.

Why do Bank Issue Cheque ?

AnsweR :-

The typical reason for a bank to bounce a cheque is because a customer does not have enough money in their account to pay the cheque or they have used all of their overdraft facility. In addition, when a bank spots a fraudulent cheque it will bounce it.

Extra Knowledge for You :-

5 Advantages of Using Cheque Scanners

▶Savings on Administrative and Labour Costs.

▶Increase in Security.

▶Accessible Data

▶Ability to Deposit Remotely

▶Improve Productivity.

Thanks _!!