Check
A written instrument that directs a bank to pay a specific sum of money to the bearer or named payee.
More Details
A check is a piece of paper which signifies the transfer of promised money from one party to another.
Example
To pay for your children’s singing lessons, you use a check, fill out the necessary information, sign it, and then hand it to the teacher to either cash or deposit into their own bank account
Related Terms
Personal Banking
A type of banking that provides financial services to individuals, such as checking and savings accounts, loans, and investment management.
eStatements
An electronic version of a bank or credit union statement, which is a summary of an individual's account activity and current balance.
Savings Account
A basic account that securely holds funds for an individual while also allowing them to earn interest on the account balance.

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