A check is a type of security, which is a written obligation to pay a certain amount of money to its bearer. Ukrainian legislation allows the issuance of two types of checks - personal and transferable.
Instructions
Step 1
Personal checks contain the identification data of the owner of the check. Transferable checks can only be transferred by endorsement. In fact, both types of checks contain a written demand from the drawer to pay the money to the check holder prescribed in this security, addressed to the bank responsible for the safety of funds.
Step 2
Checks can also be classified into cash and settlement checks. The claim for payment under the first type can only be satisfied in cash. Settlement checks are analogous to non-cash payments. If they are satisfied, the required amount of money is transferred from one current account to another - both within one bank and between different institutions.
Step 3
In Ukraine, you can cash a check only if it was drawn in accordance with the following requirements:
- the amount of funds must be indicated not only in numbers, but also in words (by the drawer himself);
- the exact dates of the issuance of funds and the signature of the check (this can be either one day or given with a time difference of up to several years);
- the full name of the check holder or the name of the organization to which this payment is intended;
- at the bottom of the check there must be the signature of the person who issued it and the seal, if any.
Step 4
There are only two ways to cash a check in Ukraine: by bank transfer or by transfer to a credit / debit card (for example, Visa, Maestro, etc.). If the check does not indicate that the transfer of money must necessarily be carried out through a state bank, then it can be cashed at the bank whose services are used by the check holder or drawer. The commission for such services can range from 1.2% to 5%. To receive money, you will have to present not only a check, but also a document proving your identity.
