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Checkwriting
(redirected from Writing a Check)

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Checkwriting
Free checkwriting privileges offered with nonretirement accounts for select mutual funds.

Checkwriting
The act or process of writing a check. When one writes a check, one makes an order to one's bank to transfer funds to another account, perhaps at a different bank. To write a check, one must indicate who the payee is by writing his/her/its name. One must also date the check and sign it. Generally, one also writes the amount of the payment (in both numbers and words) unless one is writing a blank check. Under most circumstances, one gives the check to the payee, who then deposits it into his/her bank account. At this point the check clearing process begins.


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The campaign playfully demonstrates for consumers, who perhaps don't always know the truth behind the health insurance plan or policy they are purchasing, the value of conducting thorough research before purchasing any policy involving health insurance plans and always, "checking before writing a check.
A bank overdraft simply refers to the situation whereby the account owner writes a check, withdraws cash, or uses a credit/debit card in an amount that exceeds the actual balance in the account (For example, writing a check for $100 when the checking account only has $50 left in it) A bank overdraft simply refers to the situation whereby the account owner writes a check, withdraws cash, or uses a credit/debit card in an amount that exceeds the actual balance in the account.
Hopper's negligent conduct in writing a check to another client in an amount exceeding the money on deposit for the second client, the overseers said.
 
 
 
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