Over The Counter Check Meaning

A counter check is a blank form provided by banks normally at cashier s booths to withdraw money from a personal account.

Over the counter check meaning.

Noun an example of a counter check is what a bank customer would fill out when taking m. A special type of blank written form provided by a bank teller that a customer can fill out to order the bank to pay a given amount from the issuer s checking account. The definition of a counter check is a check available to a bank customer to add their account number to make a withdrawal from their account. Over the counter definition is not traded or effected on an organized securities exchange.

It serves as a personal check but it is drafted to the client itself to extract money from his account. If you re planning to make a payment with one of these checks be aware that merchants don t always want to accept counter checks as payment even if the bank prints your personal information on the check counter checks usually don t have a check number which is a strong signal to merchants that the check is a counter check. Counter check blanks are typically kept at a bank s teller counter in order to facilitate checking account holders in making withdrawals at the counter without.