A check is used to instruct a financial institution such as a bank to pay out a specific amount of money from a specified account. It also states the name of the person who is supposed to receive the funds and the date when the bank is to honour the payment.

Grant Check

Grant Check

Usually, the date written on the check is also its date of issue, but if the person specifies a different date then the process is known as post dating a check. A check is the most common form of a bill of exchange and is considered to be a negotiable instrument. It requires the authorised signature of the debtor so it can be said to be legal and binding.

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