A check is a written order to a bank to pay the stated amount to the person or business named on it. A checking account is also called a demand deposit, because the money may be withdrawn at any time—that is, “on demand.”
A check or draft is a written order from a depositor to a bank to pay a specified amount from the balance of a checking account. A negotiable instrument that instructs a bank to pay an amount from a personal checking account to an individual or entity is known as a bill of exchange or check.
Payment orders can be used when electronic payments are not possible. Accounts payable is like a check. It is much cheaper to pay electronically, but if this is not possible the department can place a payment order. They can be ordered through government banks.
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