GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Cheques Returned with Statement


Synonyms:mailed statement, receipt
Filed Under: financial-banking
Tags: bank account, banking
 

Definition of cheques returned with statement

cheques returned with statement
1. All original cancelled cheques are returned to the account holder in monthly statement.

Related Terms and Acronyms:

  • cheque (CK)   A written order for payment of a certain amount of money.
      ➥  Bank account transaction code.
  • cheque clearing   When you write a cheque to a person or a company, the cheque is typically cashed when deposited into a bank account. Your chequing account is then debited for the amount of the cheque and the cheque is said to have "cleared."
  • direct cheque printers   These operations offer lower prices and greater selection than chequing customers get through their banks. Many of these printers are also printing cheques for banks that use outside printers. Customers must supply most direct cheque companies with a voided cheque or a reorder form from a current batch of cheques and a deposit slip. Names and addresses must match with information on file at the account holder's bank.

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