Over The Counter Check Meaning

Over the counter definition is not traded or effected on an organized securities exchange.

Over the counter check meaning.

These securities do not meet. It serves as a personal check but it is drafted to the client itself to extract money from his account. If you re planning to make a payment with one of these checks be aware that merchants don t always want to accept counter checks as payment even if the bank prints your personal information on the check counter checks usually don t have a check number which is a strong signal to merchants that the check is a counter check. The definition of a counter check is a check available to a bank customer to add their account number to make a withdrawal from their account.

Counter check blanks are typically kept at a bank s teller counter in order to facilitate checking account holders in making withdrawals at the counter without. A counter check is a blank form provided by banks normally at cashier s booths to withdraw money from a personal account. A special type of blank written form provided by a bank teller that a customer can fill out to order the bank to pay a given amount from the issuer s checking account.