Check Writer

Check Writer

The person or company on whose account a check is drawn. That is, the check writer indicates how much money should be withdrawn and to whom it is directed, and gives the check to the recipient, who may cash or deposit it.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Per customer requests, Halfpricesoft.com has added new instructions to show customers how easy it is for customer's utilizing ezCheckPrinting business check writer to print QuickBooks checks on blank stock.
Another RH Reality Check writer Aimee Thorne-Thomsen wonders, "Do we dare admit that increasing the number of abortions might be not only good for women's health, but also moral and just?"
Then, just like paper checks, the electronic images are submitted to the Federal Reserve Bank, which forwards them to the check writer's bank to debit the account.
BANKING AND CREDIT NEWS-January 2, 2014--Halfpricesoft releases new version of check writer software
M2 EQUITYBITES-January 2, 2014--Halfpricesoft releases new version of check writer software
The Collections Unit charges the check writer a $30 fee for the returned check, and it pays the vendor a portion of that if it successfully recovers the face value of the check.
The MPCC sends an electronic image to the Federal Reserve Bank and then to the check writer's bank within 24 hours.
4) Funds are debited from the check writer's bank account.
For example, a (signed) check essentially serves as a "standardized permit" that authorizes the recipient to claim a certain amount of checkable deposits from the check writer's bank account, but the check itself does not signify any part of the writer's assets.
Check 21 allows banks to transfer funds electronically from one institution to the next, immediately debiting the check writer's account by allowing the use of a substitute check.