A blank check or cheque often refers to a cheque signed by the authority before filling in the other information such as date, payee, and amount. So, a blank check template is used to design a blank check of a bank for the account holder.
There are several purposes of using a blank check. It’s helpful in businesses when is the person authorized for signing the check is taking leaves. So, the signing authorized trusts the blank check holder to fill in the blank checks as per requirement in his absence. Thus, the bank check template is helpful for businesses as well. You may also like Deposit Slip Template.
Fillable Blank Check Templates:
Though, it’s very risky and has very little control over the system. As the person having blank checks in hand can issues it to any person for any amount. Therefore, the blank check template is important to keep very safe in an encrypted format to avoid any monetary loss to the company. So, it must stay out of reach of unwanted persons. As anyone can fill in any information to withdraw the payment.
While sometimes, a blank check is also referred to as a new complete blank check that is just received from a bank as a new checkbook. These checks are completely blank and don’t even have a signature of an authorized person as in case of another concept of a blank check.
So, the bank uses the blank check template to print the checkbook for its customers. Such type of blank check templates includes the information of the account holder in printed form. While the information of issuing the check is filled by the account holder for payments.
In companies, these blank check templates are inserted into the printer and all the payment details created in the computer using blank check templates are printed on the actual blank check.
Types of Blank Check Template
There three main types of blank check templates based on the application and concept of use. Two types are already explained in the above section. So, the summary of all three types of blank check templates is briefly described below.
The first type of blank check template is a template that already has the signature of authority and available to write any information about payment and person. While the stock of newly printed completely blank checks is the second type of blank check template which is also sometimes referred to as check stock. You should also check the Profit and Loss Statement Template.
Finally, the least common type of blank check template is a type of document that defined the name of the person and signature of the authority. However, it doesn’t contain any value of the amount. These checks are used when an uncertain amount of money is being authorized to someone to accomplish something important.
For example, a company owner may give a blank check to a company research and development team to spend any amount of money to find a solution to the underlying challenge. Thus, the R&D team will be able to receive payment unless the task has been completed.