When will the check arrive?

Generally speaking, checks can be received the next day or one or two working days after deposit, and the arrival time of transfer checks varies according to the deposit bank. If it is an intra-bank transfer, the other party will receive the account immediately after the successful submission; If it is an inter-bank transfer, the other party will immediately receive the real-time transfer within the inter-bank transfer after successful submission. For ordinary transfer, the payee will receive the account within 2-3 working days, and the check for corporate transfer between banks in the same city will receive the account within 1-2 working days.

Check classification:

1. Registered check

In the payee column of the cheque, indicate the name of the payee, such as "limited to one party" or "designated person", and the payee's signature is required before withdrawal.

2. Bearer check

Also known as a blank check, the name of the payee is not recorded on the check, only "payee" is written. When withdrawing money, the holder can withdraw money without signing on the back of the check. This check can only be circulated on delivery.

Underline a check.

This is a check with two parallel lines drawn on the front. Crossed checks are different from ordinary checks. The crossed cheque is not allowed to collect the fare unless it is paid by the bank, so the bank can only be entrusted to collect the fare. The purpose of using crossed checks is to recover funds from clues collected by banks when the checks are lost or fraudulently used.

4. Guaranteed check

It means that in order to prevent the drawer from writing a blank check and ensure payment when presenting the check, the payee or holder of the check can ask the bank to "guarantee payment" for the check. Guaranteed payment means that the paying bank stamps the cheque with "Guaranteed Payment" to show that the cheque must be paid when presented. Once the check is guaranteed, the bank will bear the responsibility for payment. Both the drawer and the endorser are exempt from recourse. After the paying bank guarantees the payment of the check, it will transfer the ticket money from the drawer's account to a special account for payment, so when the check is presented, it will not be returned.

5. Cash check

A cash check is a kind of check specially used to withdraw cash. When the customer needs to use cash, he will issue a cash check at any time to withdraw cash from the bank where the account is opened, and the bank will unconditionally pay the payee a certain amount of spot cash.