When you want to make payment for you bills, you can use various methods such as payment using cash, credit cards and checks. Paying through checks involves giving a person or business a piece of paper that tells one to bring the paper to a bank and withdraw the money. For you to write a check, you have and must open a checking account with your local bank or any other financial institution.
After depositing some specific amount of money in your checking account, the bank will sell you blank checks that you will use to write your checks. These checks unlimited personal checks can be used to pay people or business organizations with the money that you earlier deposited in your checking account.
One can only write checks that fit the amount of money available in your checking account. When you are buying something from another person, you will only need to fill one of your blank checks and then give it to the owner of the item. If you write a check that has a higher value than the amount of funds in your account, the check will not be honored by the bank and the person will not receive any payment. The bank will also charge you a bouncing fee for that matter. If you have $50,000 in your account, write a check that adds up to the amount and not more that.