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Types of Bank Checks

A Money Market Account
A Money Market Account

A Money Market Account (MMA) is a savings account that typically has a higher interest rate than traditional savings accounts but may require larger minimum deposits and balances. A money market account allows a limited number of checks to be drawn from the account monthly.

source: bankrate.com
Bearer Cheque :
Bearer Cheque :

Cross cheque/ account payee cheque : The mentioned amount in the cheque is only transferred to the bank account of the person named in the cheque.The said amount can not be encashed on the counter like a bearer cheque.

source: quora.com
Cash Management (Payroll Services, Deposit Services, etc)
Cash Management (Payroll Services, Deposit Services, etc)

Services. Automated Clearing House: ACH services are offered by the cash management division of Centennial Bank. The Automated Clearing House is an electronic system used to transfer funds between banks. Companies use this to pay others, especially employees (this is how direct deposit works).

source: my100bank.com
CD (or Marketed Linked CD – MLCD)
CD (or Marketed Linked CD – MLCD)

Some market-linked CDs have a call feature. This allows the issuing institution (typically a bank) to redeem the CD before it matures. Your interest is determined by the call price, and it might be less than it would be if the CD were held to maturity. The issuer is not obligated to call a market-linked CD.

Checking Accounts
Checking Accounts

Additional checking accounts – Platinum and Gold Checking Package customers can open additional Easy Checking accounts with no monthly maintenance fee. Requires at least one identical account holder on all accounts. Gold Checking Package customers are limited to two Easy Checking accounts with no monthly maintenance fee.

source: usbank.com
Counter Cheque:
Counter Cheque:

A counter check is a check with blank spaces for the account information. Banks give these out to customers who have not yet received pre-printed checks. They may also give them to customers who have no other means of withdrawing cash from their accounts.

source: reference.com
Counter Cheque:
Counter Cheque:

A counter check is a check with blank spaces for the account information. Banks give these out to customers who have not yet received pre-printed checks. They may also give them to customers who have no other means of withdrawing cash from their accounts.

source: reference.com
image: thetada.com
Debit and Credit Cards
Debit and Credit Cards

Debit cards can be regarded as a version of checkbooks; they are linked directly to your bank account. Debit cards allow bank customers to spend money that they have by drawing on funds that they deposited with the card provider; and money is debited from your account as the transaction occurs.

source: quora.com
Dividend/Interest Checking Accounts
Dividend/Interest Checking Accounts

Linking your checking account to an interest-bearing savings account is an option if you can't get a checking account that pays interest. It can be done within your existing bank (transfers between checking and savings are more or less instant), or you can link to an external account.

IRA Accounts (Individual Retirement Accounts)
IRA Accounts (Individual Retirement Accounts)

IRA – Frequently Asked Questions. ... of Individual Retirement Accounts (IRAs). ... to have your account number(s) handy. Wells Fargo Bank IRA – you can call the ...

Merchant Services
Merchant Services

Merchant Services, or better known as credit card processing is the handling of electronic payment transactions for merchants. Merchant processing activities involve obtaining sales information from the merchant, receiving authorization for the transaction, collecting funds from the bank which issued the credit card, and sending payment to the merchant.

Multilated Cheque:
Multilated Cheque:

In case a cheque is torn into two or more pieces and presented for payment , such a cheque is called a mutilated cheque'''''It can be honored if the collecting bank guarantees by certifying back side of the mutilated cheque...BOB Amin.

Open Cheque:
Open Cheque:

There are two types of cheques: Open Cheques and Crossed Cheques. An open cheque is one which is payable in cash across the counter of the bank. A crossed cheque is one which has two short parallel lines marked across its face.

Post Dated Cheque:
Post Dated Cheque:

If a bank notices a post-dated cheque presented for payment before the date appearing thereon, the cheque will be returned marked post-dated or the bank will hold on to the cheque until it is able to be cashed in.

Savings Accounts
Savings Accounts

What is a savings account? A savings account is a place where you can store cash securely while you earn interest on your money. Unlike investment accounts, they are federally insured. Unlike investment accounts, they are federally insured.

Stale Cheque:
Stale Cheque:

A stale check is not an invalid check, but it may be deemed an 'irregular' bill of exchange. A bank may refuse to honor it unless its drawer reconfirms it payment either by inserting a new payment date or by issuing a new check.

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