A check is a bank document in which a person authorized to withdraw money from o
ne account to another person extends a permit to remove a certain amount of mone
y from your account without requiring your presence. The check can be issued onl y when they meet the following requirements: • Check the contract: The bank received from its customers money required to retur n to the hearing, when the client requires. To document the payment orders from customers using checks. Funds available: The availability of funds is also a reg ular budget of the check, budget whose existence has no bearing on the effective ness of the title, and whose absence is sanctioned as well. • Requirements: Mention be check inserted in the text of the document Place and da te of issue The unconditional order to pay a certain sum of money The name of th e book (a credit institution) The place of payment of the drawer's signature Lit erality Features: It means it's worth solely and exclusively by what is spelled out in the manner specified check value per se: It is valuable in itself, that i s, when presented in a bank does not have to give explanation to the bank becaus e it is charging. Checks will not have a date of when they should. The date is r eflected on the check only fulfills the function of recording when the sender ha d intended to be levied, however, the bank is obligated to make effective the da y a check is presented for payment. A blank check is a check signed by the owner of the account but without a specified amount (so that the collector may enter any number and charge). It is therefore very dangerous for anyone who signs it. Colloquially, sign a blank check to someone means to trust someone in an almost senseless (as much as a real sign without writing a bank check amount.) Legally, a law called blank check if it is too vague in its articles, allowing the Gover nment to develop a regulation to the effect you want. A clear example was the To nkin Gulf Resolution, the U.S. Congress, which granted to the President the nece ssary powers to prevent attacks in Southeast Asia (ie, giving the President cart e blanche to do what desired). Current account The current account is a contract where the cardholder makes banking income fund s and the entity that will keep him in their custody, has the obligation to deli ver cash and immediately the amount of funds requested. With a current account d eposits may have immediately admitted through checkbooks, ATM or frame or window bank. The current account is used for another series of transactions with banks : • By being granted a loan is reflected in the current account. • You can direc t debit payments through it. • You can perform discounts effect. • Charging inte rest. • Pay interest. • Collecting taxes. • Pay taxes. The means of payment that can be used associated with current accounts can be: • checkbook. • Credit Card . • Debit Card. • Wallet. • Payment by phone. When you open a current account to report the following: • Identification Document. • In the case of a company, ar ticles of incorporation. • Check legal capacity. • Verify the source of income. There is no minimum opening. In general, current accounts have a very low or zer o interest. The account balance can be checked by the holder at any time. The ba nk is obliged to send to the client, at least semiannually on your account state ment, where information should appear: • Account moves. • Ending balance. • Inte rest received.