What is Checkbook, How to Get it, How to Use it? Who Can Get a Checkbook?

What is a Checkbook How to Buy How to Use it Who Can Get a Checkbook
What is a Checkbook, How to Get it, How to Use It Who Can Get a Checkbook

Check is a payment method used by individuals and commercial businesses. Although different payment methods have become popular with the development of technology, the prestige of the checkbook still maintains its place in business life. If you also want to use the checkbook as a payment method; but if you're a new business owner with question marks in mind, read on.

What is a checkbook?

The checkbook, also known as the "checkbook", usually has 10 leaves and 25 leaves, and the leaf can be cut off for each payment. It is widely used by companies and businesses with large trading volumes. The checkbook application is made to the banks and as a result of the application, it is printed by the banks and given to the institutions and individuals.

How to get a checkbook?

To have a checkbook, you must open a bank account. For this, the bank requests documents such as Republic of Turkey identity card, residence certificate and criminal record from you to the bank branch where you have an account. Then you have to apply for the checkbook. You can apply with Once your application is approved, your checkbook is printed and delivered to you.

What is a checking account?

If your application is approved, you should carefully examine the information in your checkbook printed by your bank. Each sheet should include the person's tax identification number, the date the check was printed, the name of the bank and the account number at the bank. These are compiled from information pertaining to your checking account. Checks are collected from the amount in your account. For this reason, making sure that the amount you wrote down is in your account when issuing a check prevents your check from going blank in the future.

Who can get a checkbook?

There is often a perception that checkbook owners are just business people. But this is not true. Every real and legal person who meets the conditions of the bank can have a checkbook.

How to use the checkbook?

The checkbook is a fairly easy payment method that gets used to it after a few uses. The most important thing to consider when issuing a check is that all information is written in full. The amount to be paid must be written both in writing and in numbers, and a line must be drawn next to the last digit. In this way, you can prevent any additions after you deliver your check to the payee.

What is a memory voucher?

As can be guessed from the name, checks that are not based on a real credit-paying relationship, but drawn up on the basis of friendship, are called "memory checks". Owners of companies who have traded together for a long time can ask each other to arrange a souvenir check to borrow money when a need arises. Although it is frequently used in the trading world, it is not highly recommended due to the risks it carries with someone to issue a souvenir check.

What is a bounced check?

If you have issued a check for an amount that is not in your bank account, your check will bounce back as the other party will not be able to collect this amount. Issuing bad checks poses serious problems not only in our country but also abroad. In the event that the check bounces, the creditor of the check can apply for enforcement proceedings or a complaint.

What is check endorsement?

Check endorsement is basically a transfer process. It means that a creditor transfers the check in his hand to a third party. Thus, this third party can present the check within the legal submission period and receive its return. The check is endorsed when the person holding the right to use the check, that is, the person to whom the check was first issued, signs the back of the check and gives it to the third person. Thus, the second person is withdrawn and the payment is made directly from the person who issued the check to the final buyer.

In the endorsement process of a check, either the full endorsement or the white endorsement method is applied. In full endorsement, the name of the person to whom the final payment will be made is written on the back of the check and clearly

While the name of the final buyer is not specified in the white endorsement, only the back side is signed.

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