A check is a document (usually a small slip of paper) that can be used to withdraw money from a checking account. Checks can be cashed or deposited by the recipient for the amount written on the check.
A paper check has long been an effective payment method. But the paper check has become less common as technology shifts the world towards credit card payments and online banking. Checks are still common enough for many banks to include check deposit features in their mobile apps. You can also write a check for cash, take it to the bank, and withdraw cash from your account. This is one way to avoid ATM withdrawals when you need cash.
Most checking accounts still come with check-writing privileges. But not all online checking accounts provide access to paper checks. Some banks also offer checks for non-checking accounts — like money market accounts.
If you’re looking for a checking account, check out our list of the best checking accounts for recommendations.
View more information: https://www.fool.com/the-ascent/banks/how-write-check/