CHECKS

STUDENT: Naydud K. Cutipa Roiro

TEACHER: Mg. Emerson Angel Espiritu Saenz
COURSE: Interpersonal communication
SPECIALTY: Accounting
TURN: Day
CYCLE: IV-A
 WHAT IS A CHECK?
 A check is a written payment order that allows the person
receiving it to charge a certain amount of money that is
stipulated in the document and that must be available in
the bank account of the person who issues it.

The check is, therefore, a title through which a third

party is authorized to withdraw money from an account,
without the need for this subject to be the owner of said
account. For this reason, the check is used as a means of
payment, in addition to the cash or cards.
 WHAT TYPES OF CHECKS
ARE THERE?
 According to the Superintendency of Banks and
Financial Institutions (SBIF), regulator of the banking
sector, there are four types of checks according to
the way they are completed or completed. The
modalities are related to the level of protection that
the drawer of the check wishes to take.
CHECK TO
THE These four types are: CROSS
BEARER CHECK

CHECK TO NOMINAL
ORDER CHECK
 CHECK TO THE BEARER

Characteristics of
the bearer check:

The bank must pay it to the

The expressions "O person who presents it for
to the bearer" or "to payment, assuming that the
the order of" are not It is transferable to a account has funds. The
crossed out. third party without the carrier must prove his
need to endorse it, so identity with the respective
it can be cashed in cash identity card.
or deposited in the
account of any person.
HOW IS A BEARER CHECK
CHARGED?

 It must be signed in a cross way.

 Write your DNI and some phone
number on the back.
 You can charge by cash or deposit in an
account.
 In case of deposit, you must write the
account on the back and mark two
crossed lines in front.
 CHECK TO ORDER

Characteristics of a check made to

order:
 The beneficiary's name is written on the
same check next to the expression "Pay to
order“.
 The bank will ask you to present your
identity card for identification.
 It can be transferred to another person
endorsing it.
The expression "or the bearer" is
crossed out
HOW DO I CHARGE A CHECK TO
THE ORDER?
 It must be signed in a cross way.
 Write your DNI and a phone number on the
back.
 You can charge by cash or deposit in an
account.
 To deposit, you must write the account in
the back and cross to the front.
 You can deposit it in the current account of
a third party.
 NOMINAL CHECK

Characteristics of a nominative
check:
 It is a check intended exclusively for the
beneficiary named on the check. It is not
transferable to third parties except to the
same Bank that executes the collection
process "value in collection" or "to be
deposited in my current account".
 The words "or to the bearer" and "to order"
have been crossed out.
HOW IS A´PERSONAL CHECK
CHARGED?
 You must sign in front cross way.
 Write your DNI and phone number on the
back.
 You can charge by cash or deposit in the
beneficiary's account.
 To deposit, you must write the account in
the back and cross to the front.
 It is not possible for a nominative check to
be deposited in the account of a third
party.
CROSS CHECK

Characteristics of a cross check:

 Check that two transverse and parallel lines have
been drawn on its front part.
 This check can only be deposited in a checking
account.
 It can be endorsed to another beneficiary who has
a current account or who wants to endorse it.
 Both checks to order, bearer checks and
nominative checks can be crossed.
 The condition of "crossed" of a check can not be
eliminated, since the Law of Checking Bank
Accounts and Checks expressly forbids the bearer
to erase or alter the transversal lines and
indications of the cross check.
HOW DO I GET A CROSS
CHECK?

 This type of checks is only deposited,

can not be charged per box.
 Write on the back your RUT, phone
number and sign.
It is written, also in the back, the
current account in which you are going
to deposit.