What's found in checks

Cash your check correctly: It all depends on the type of check

Checks are now almost an anachronism, as payments are almost always made by bank transfer or credit card. However, there may still be times when you need to cash a check. Read here how to do it and what to look out for.

Not everyone is allowed to cash a check

The so-called order check offers the greatest possible security: This is a crossed check on which the name of the recipient is noted (usually in the wording "With order to ..."). Only the named recipient may cash this check. If you have received such an order check, take it to your bank branch to hand it in. The bank has special forms that are similar to the transfer forms. Enter your bank details and - very important - date and sign the order check yourself on the back. This guarantees that the check has been cashed by the authorized person. A few days after submission, the amount will then be credited to your account.

If you want to cash a check at a direct bank without a branch, it is best to take a look at the bank's website: There you will find forms to download that you can print out and fill out. Then send the check and the completed form to the direct bank by post.

Which checks can everyone cash?

If a crossed check is not marked as an order check with a name, it can be cashed by the holder. This is the person who is currently holding the check. For example, if your handbag with the check in it was stolen or it was stolen from the local post office, the thief can easily cash the check and have the amount credited to your own account. However, it can also be easily found this way, so the risk is rather low. In contrast, so-called cash checks, in which the issuer's bank pays out cash on presentation of the check, are unsafe. So anyone can cash the check and disappear with the cash without a trace. So cashier's checks are not recommended.