1. Cheques (or check in American English ) Simona Popelková

2. What is cheque? A cheque (or check in American English ) is a document that orders a payment of money from a bank account. Cheques are a type of bill of exchange and were developed as a way to make payments without the need to carry large amounts of money.

3. Entities of a cheque The four main items on a cheque are: Drawer, the person or entity who makes the cheque Payee, the recipient of the money Drawee, the bank or other financial institution where the cheque can be presented for payment Amount, the currency amount

5. 1.Name of person / company to which one is paying from ones account. The person named in the cheque, to whom money would be paid, is called the 'payee'. 2.Date of issue is the date from which the cheque becomes valid. Usually cheque is valid for six months from the date of issue. 3.Amount is the amount of money one is promising to pay in numbers or figures. 4.Amount is the amount of money one is promising to pay in words. This is for safety, so that no one can change the amount one is promising to pay. 5.Name and address of bank where one has an account. 6.Signature of the account holder. A cheque becomes valid only when the account holder signs it. The maker of a cheque is called the 'drawer'. 7.Cheque Number is a 6 digit number which is to help one keep track of who one paid the cheque to. 8.Routing / account number is a nine-digit number which identifies postal code/city and state of the origin of the cheque. 9.Account Number gives the bank the information on which account to use for this particular transaction. This number tells the bank whose money to use to pay the check.

6. Eurocheque Eurocheque was a type of cheque used in Europe that was accepted across national borders and which could be written in a variety of currencies. Eurocheques were originally introduced in 1969 as an alternative to the traveler's cheque and for international payments for goods and services. the practice of issuing Eurocheques ceased on 1 January 2002

7. A traveler's cheque A traveler's cheque is a preprinted, fixed-amount cheque designed They were generally used by people on vacation instead of cash as many businesses used to accept traveller's cheques as currency. Their use has been in decline since the 1990s as alternatives, such as credit cards, debit cards and ATM became more widely available and were easier and more convenient for travelers.

8. A blank cheque A blank check is the same as checks, except that it is not the amount, but is already signed. If created accidentally, a blank cheque can be extremely dangerous for its owner, because whoever obtains the cheque could write in any amount of money, and would be able to cash it

9. The advantages and disadvantages of using cheque The advantages of using a cheque: - More Security - You dont have to carry large amount of cash with you - It minimize a risk of loss The disadvantages of using a cheque: - Must wait for bank to open - Higher cost than payment cards - Many places do not accept checks.

10. Topics 1.If there is a different between an amount written in numbers and in words, which of information is valid? 2.What kind of a cheque should not have to fill amount? 3.Are cheques securities?