Before the Federal Reserve established regulations in 1967 requiring that cheques be MICR encoded in order to be handled by their clearing houses, it was fairly common for banks, especially in small towns, to issue cheque to customers which were not personalized other than the name of the bank.

Barclays were the only major British clearing bank not to issue cheque guarantee cards, instead allowing its customers to guarantee cheques with their Barclaycard ( on the basis that if a customer was creditworthy for a Barclaycard they were also good for issuing cheques ).

Although most customers of trustee savings banks were lower middle-and working-class, and had little need for cheques or cheque guarantee cards, regulatory innovations which allowed the TSBs to diversify their business threatened to erode the deposit base of the clearing banks.

The cheque must then be cleared, a complex process by which cheques are sorted once, posted to a central clearing location, sorted again, and then posted back to the paying branch where the cheque is finally checked and then paid.

Additionally most commonwealth jurisdictions have separate Cheques Acts providing for additional protections for bankers collecting unendorsed or irregularly endorsed cheques, providing that cheques that are crossed and marked ' not negotiable ' or similar are not transferable, and providing for electronic presentation of cheques in inter-bank cheque clearing systems.

Before electronic cheque clearing, bad weather or communication problems often caused float to significantly increase, as the clearing of cheques was delayed.

The cheque must then be cleared, a complex process by which cheques are sorted once, posted to a central clearing, sorted again, and then posted back to the paying branch where the cheque is finally checked and then paid.

This would also speed up the national bank payment clearing system based on local bank branches and centralised cheque exchange requiring cheques to be returned to local branches.

In the United States, if the payee is equipped to process cheques electronically at point of sale ( see: Check 21 Act ), they should still take custody of the cheque and submit it to a financial institution, particularly to avoid any confusion on the part of the purchaser.

Some purchasers have found the process of filing a claim for lost or stolen cheques is cumbersome, and have been left without recourse after their cheques were lost or stolen.

The use of the BSB identifier in association with bank account numbers was introduced in the early 1970s with the introduction of MICR on cheques to mechanise the process of data capture by the banks as well as for mechanical sorting of the physical cheques for forwarding to the payer bank branch for final cheque clearance.

The payroll module automates the pay process by gathering data on employee time and attendance, calculating various deductions and taxes, and generating periodic pay cheques and employee tax reports.

The document process is designed to feed at a rate of 2400 six inch cheques per minute.

This process causes the cheques to be lined up better for feeding into the left feed module.

Today, tithes are normally voluntary and paid in cash, cheques, or stocks, whereas historically tithes were required and paid in kind, such as agricultural products.

Operations using credit cards, debit cards, cheques and other means of payment could be conducted normally, but the lack of cash availability caused numerous problems for the general public and for businesses.

The use of cheques in a scam hinges on a US law ( and common practice in other countries ) concerning cheques: when an account holder presents a cheque for deposit or to cash, the bank must ( or in other countries, usually ) make the funds available to the account holder within 1 – 5 business days, regardless of how long it actually takes for the cheque to clear and funds to be transferred from the issuing bank.

Shehri opened a bank account at SunTrust Bank in Florida on June 18, with a deposit of $ 8, 000 that came from American Express traveler's cheques purchased on June 7 in the United Arab Emirates.

Regular cheques de gerencia were evidently pressed into service out of necessity in 1984 at Santa Cruz ( dated June 6 or June 7 ;, P-176 $ b. 50, 000 and P178 $ b. 1, 000, 000 ) and at La Paz ( dated June 4 or June 18 ; P-180 $ b. 100, 000, P-181 $ b. 500, 000, and P-182 $ b. 1, 000, 000 ).

Haigh stole William McSwan's pension cheques, sold their properties – stealing about £ 8, 000 (£ when adjusted for inflation ) – and moved into the Onslow Court Hotel in Kensington.

Although he lost 5 – 2 to Jimmy White in the quarter finals, he would pick up one of his highest pay cheques of £ 8250.

In some cases a bill is marked " not negotiable " – see crossing of cheques.

In 1996, he pleaded guilty to 16 charges for offences in Edmonton, including assault with a weapon, aggravated assault, fraud for writing bad cheques totalling $ 10, 000 to supermarkets and possession of a stolen vehicle.

As inflation gathered pace, Banco Central introduced cheques de gerencia ( cashier's cheques, certified cheques, bank drafts ) for 5000 and 10, 000 pesos bolivianos in 1982.

Hyperinflation left insufficient time to provide for regular banknotes, and 1984-1985 saw Banco Central release the simpler cheques de gerencia for 20, 000, 50, 000, 100, 000, 500, 000, 1 million, 5 million, and 10 million pesos bolivianos ( printed by four different printers ).

By the spring of 1986 the currency in circulation effectively consisted of cheques de gerencia ranging from 100, 000 to 10 million pesos bolivianos and " low " denomination banknotes of 50, 000 and 100, 000 pesos bolivianos.

In 1996, he pleaded guilty to 16 charges for offences in Edmonton, including assault with a weapon, aggravated assault, fraud for writing bad cheques totalling $ 10, 000 to supermarkets and possession of a stolen vehicle.

Before the passage of the Check Clearing for the 21st Century Act, when cheques could take 3 or more days to clear, playing the float was fairly common practice in the USA in otherwise-honest individuals who encountered emergencies right before payday.

The other part of a nation's money supply consists of bank deposits ( sometimes called deposit money ), ownership of which can be transferred by means of cheques, debit cards, or other forms of money transfer.

Fraudulent cheques and money orders are key elements in many advance-fee scams, such as auction / classified listing overpayment, lottery scams, inheritance scams, etc., and can be used in almost any scam when a " payment " to the victim is required to gain, regain or further solidify the victim's trust and confidence in the validity of the scheme.

As of 2009, Bank of America began offering Hello Kitty-themed checking accounts, where the account holder can get cheques and a Visa debit card with Kitty's face on it.

Thieves have altered cheques to change the name ( in order to deposit cheques intended for payment to someone else ) or the amount on the face of cheques, simple altering can change $ 100. 00 into $ 100, 000. 00, although transactions of this value are subject to investigation as a precaution to prevent fraud as policy.

Clients are sometimes taken by surprise when less money arrives at bank R. Contrast this with cheques, where the amount transferred is guaranteed in full, and fees ( if there are any ) can be charged only at endpoint banks.

In much of Europe and Asia, the cheques are no longer widely accepted and can not easily be cashed, even at the banks that issue the cheques.

As traveler's cheques can usually be replaced if lost or stolen ( if the owner still has the receipt issued with the purchase of the cheques showing the serial numbers allocated ).

Traveler's cheques do not expire, so unused cheques can be kept by the purchaser to spend at any time in the future.

Slashed zeroes can also be used on cheques in order to prevent fraud, for example: changing a 0 to an 8.

In this, a company can save money on printing cheques and not have to worry about cheque fraud.

) of Richard Strauss and his brethren abroad, we, in our small way, and where we can, try to leaven matters by writing out cheques and playing our own music to recalcitrant audiences!

* A balance transfer from a credit card with no ( or smaller ) debit balance to create an intentional credit balance on the account which the borrower can seek to recover either gradually ( e. g. day to day purchases ) or instantly ( e. g. cheques issued by the secondary card to the borrower ).

It receives the data from the document processor and can store information from the cheques, including the bank number, branch number, account number and the amount the check was written for.

One is the input area, where up to 4800 cheques can be placed to be fed into the left module.

As of October, 2003, these images, rather than the physical cheques, can be used when institutions needs to exchange cheque information.