What is a Check?


The Check is a written and unconditional order to the bank and signed by the person issuing the order requiring the bank. Pay a fixed amount to go or order another person or holder.

 


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  1. The Check must be paid at the time of presentation to the bank and in accordance with the requirements set forth in the Law on Tools. Trade and make payment transactions. Securities are mainly used by businesses.

    Securities circulating in the system include US $ and KHR, but securities The US dollar is more widely used, accounting for more than 90% of all national football clearances.

    In addition, Checks are used as a means of transferring currency between banks due to the lack of an interbank transfer system. In September 2008, the National Bank of Cambodia issued a Prakas on Standard Securities for Securities. In all payment systems, there is a unified standard form in order to ensure effective and efficient interbank payments and payments. Smoothly.

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