What is a check?

The check is a payment instrument created by the drawer who, based on a balance held at a credit institution, gives an unconditional order to it, which acts as the drawee, to pay on presentation an amount to the beneficiary, who may be the drawer or another person.

The shooter - the person who issues (writes) the check based on the available funds in the account and who gives an unconditional payment order to the bank where the bank account is opened.

Drawing – is always represented by a bank where the drawer has an account opened and which makes the payment on the basis of the received cheque, provided that the drawer has sufficient funds in the bank account.

Beneficiary - person who receives the amount sent by the drawer (issuing person).