1. ReportLinker Data
  2. Financial Services
  3. Banking
  4. Payments
  5. Checks Transaction

Checks Transaction

Value (million or billion US Dollars or any other national currency) or volume (number of transactions) of payment transations performed with cheques, i.e. a written order from one party (the drawer) to another (the drawee, normally a bank) requiring the drawee to pay a specified sum on demand to the drawer or to a third party specified by the drawer. Cheques may be used for settling debts and withdrawing money from banks. Traveller's cheques, promissory notes and banker's drafts are included under cheques. Commercial bills are included if funds transfers can be made on the basis of these, without using another medium. Cash withdrawals using bank forms are not included. Cheques are counted on the payee's side when submitted for cheque clearing. Cheques issued but not submitted for clearing are not included. Based on: Bank for International Settlements.

102 Statistics found for Checks Transaction

Checks Transaction Related Indicators