Explore: Cheques

in the use of cheques. In Australia, following global trends, the use of cheques continues to decline. In 1994 the value of daily cheque transactions was

issuer to go out of business, invalidating cheques, most issuers were large, stable, businesses. Traveller's cheques were widely used from the 1850s to the

cheque. Lost or bounced cheques result in late payments and affect the relationship with customers. In England and Wales and Australia, such cheques are

Cheque fraud or check fraud (American English) refers to a category of criminal acts that involve making the unlawful use of cheques in order to illegally

countries they are commonly called current or, before the demise of cheques, cheque accounts. Because money is available on demand they are also sometimes

processing and clearance of cheques and other documents. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically

informal exchange of cheques took place between London banks. Clerks of each bank visited all of the other banks to exchange cheques, whilst keeping a tally

location to exchange cheques and receive payment in money. This became known as central clearing. Bank customers who received cheques could deposit them

company cheques clearly printed with the explicit company name. The plan would be that the customers would be too embarrassed to cash in a cheque showing

types of currency notes in its history, including the bearer cheques and special agro-cheques ("agro" being short for agricultural) that circulated between