A cash check usually refers to a check used by a depositor to withdraw cash from a bank or pay cash to the payee. When a company settles by cash check, does the back of the cash check need to be stamped?

Does the back of a cash check need to be stamped?

According to the provisions of my country's "Negotiable Instruments Law", the back of a cash check needs to be signed and stamped with the seal or signature previously reserved in the bank, plus a seal.

If the cash check has the signature and seal of the payee on the back, in this case the bank generally requires the holder to be the payee on the check and to show identification when withdrawing money, and The back of the check must be stamped. According to the relevant laws and regulations of our country, the holder of the check can entrust the bank where the account is opened to collect the money, and then directly withdraw money and make payment to the payer. Checks used to withdraw cash are also limited to the payee presenting payment to the payer, and the holder entrusts the account to be opened. Checks received by banks are collected by the bank through the bill exchange system and then entered into the account.

Generally, if the company issues a check for reserve funds or travel expenses, the front and back sides must be stamped with the financial seal and corporate seal, and the name of the paying bank and the name of the payee must be filled in. correct. Cash checks can only be used to withdraw cash. They can be issued by a bank to withdraw cash for the unit, or they can be issued to other units or individuals for settlement business, or a bank can be entrusted to pay cash to the payee on its behalf. Second, if you transfer a check, it can only be used for transfer, and the transfer scope is within the same city. Third, ordinary checks can be used for cash withdrawals and transfers. However, if two parallel lines are drawn in the upper left corner, it is a crossed check. It can only be used for transfers and cannot be used for cash withdrawals.

Common knowledge about the use of checks

1. There should be no traces of alteration on the surface of the check. If there are traces of alteration, the check will be invalid; 2. If the check is found to be incomplete, it can be filled in. Note, but cannot alter it. 3. The check is valid for ten days, one day each, and if there is a holiday, it will be extended by one day. 4. Checks are payable on sight and are used anonymously. If the personal money paid by the bank is lost due to personal reasons, the bank will not be held responsible.