Knowledge about checks, and the difference between reverse delivery and forward delivery? Standards accepted by banks!

Transfer checks can be divided into forward withdrawal and backward withdrawal according to different bank outlets.

The so-called long-term withdrawal means that after receiving the transfer check, the receiving enterprise takes the transfer check to the bank where the receiving enterprise opens an account, fills in the bill at the bank where the enterprise opens an account, and submits the transfer check together with the filled bill to the bank for entry. It takes one day for the funds to arrive, and it takes about two to three days in the outer suburbs.

The so-called reverse withdrawal: after receiving the transfer cheque, the receiving enterprise submits the cheque to the bank where the drawer (payer) opens the account, and the funds flow from the drawer to the customer's deposit account opened in other banks. If there is no problem, it should arrive within half a day (an exchange session)

It usually arrives the next day. The bank will ask the drawer's financial personnel to be present and enter the password when handling the check reverse deposit.

Write down your company's line number when filling out the form, and you don't need to stamp your company's financial seal on the transfer check. Fill in the bill in advance and affix the financial seal of the company to the transfer check.

Advantages and disadvantages of backdating: the advantage is that backdating funds arrive in the account quickly, and backdating is because you can find out whether the other account is short when you enter it. The disadvantage is that some banks do not allow non-account opening units to repay; Some banks don't give a receipt when they repay the money, and pick up the receipt at the payee's bank after the money arrives, which may lead to the loss of the receipt.