Instructions for filling in personal cheque: Please fill in the payee's name or organization name in the "Payer's Instruction" column, fill in the number of payment amount in the box below, then fill in the payment amount in English in the column below, and sign in the bottom column. Remarks column can be empty.
After receiving someone else's check, you need to deposit it in the bank. At this time, the bank will ask the payee to sign the back of the check, indicating that he is willing to accept it. After checking, the bank will deposit the payment amount into the payee's bank account. It is up to the payee to decide whether it is a checking account or a savings account. Of course, you can also cash the check directly. If the payee does not have enough balance in the payer's checking account when depositing the check, such a check will become a blank check and the payee will not get the money. Because of this, personal checks are not safe enough for the payee, so they are often not accepted when going out.
Different from personal check, traveler's check is an advance check, just like "money", it can't be a bad check. It is used in the same way as a personal check, but it needs to be purchased separately from the bank, and the face value is generally fixed, such as $50, 100, 1 000, etc. Some banks don't charge fees for traveler's checks, and some banks charge up to 2%. If lost, you can report the loss to the purchasing bank with the original receipt.
Promissory notes are very similar to traveler's checks, and they are also certified checks or "money". The difference is that the face value of a cashier's check is not fixed, but is determined by the applicant's requirements. A cashier's check also needs to be bought at the bank, and it is used in the same way as a personal check. Usually this kind of check is needed when buying a car or paying a down payment on a house, so international students seldom use this kind of check. If lost, you can also report the loss to the purchasing bank with the receipt.
A bill of exchange is similar to a cashier's check, but its face value is not fixed, but the difference is that the maximum face value of a bill of exchange is generally $ 1 000. It can be handled in some small shops in 7- 1 1, USPS, HEB, CVS, Wal-Mart, banks and gas stations. A draft is sometimes used when renting a house, because some landlords only accept it as a deposit.
It should be noted that the purchase of traveler's checks, cashier's checks and money orders generally requires debit cards or cash, and credit cards are not accepted.