Can you cash an insurance check

Cash and personal checks

How do you cash a check?

Josefine Lietzau
Expert for banking and credit as of June 30, 2020

Josefine Lietzau

Josefine Lietzau is an editor in the Bank & Investments team. During her studies in German and English, she worked for the editorial offices of the Green League, the Jüdische Zeitung and the Superillu. After completing her master's degree, Josefine Lietzau completed an internship at the online consumer portals Banktip and Posttip, where she then worked as an editor.

  • You can receive money through checks, for example for a bonus.
  • You can cash checks within eight days. You have a little more time with checks made abroad.
  • With a cashier's check you go to the issuing bank, with a crossed check to your own.
  • Don't take too long to cash your check: checks have a limited validity. The period begins with the issue.
  • If you want to write a check yourself, you can get the relevant forms from your bank.

Germans have little to do with checks. Rent and salary go in and out with transfers, and most of them use their cards to pay. But every now and then a check comes to the house - and then what?

What checks are there?

There are different types of checks. You can get it with a cashier's check Withdraw money directly in cash from the issuing bank. On the other hand, you cash a crossed check at your bank Money goes straight to the checking account. Such checks are marked with the note "For settlement". Even if you cross out the note - you won't turn it into a cashier's check.

Crossed checks have the advantage that it is possible to trace who cashed the check. With cashier's checks, for example, it is easier for thieves.

Still Order checks are safer: The name of the recipient is noted on them and usually only he can redeem it. If you receive such a check, you will have to take your ID with you to the bank. Someone else can only cash the check if you have transferred it to that person.

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How do I cash a check?

If you have your checking account at a branch bank, simply go to the branch and give the check there. To do this, you have to fill out a form.

Should youDirect bank customer send the check to your bank with the form. As a rule, the banks provide the relevant forms on their website.

You haveeight days to cash a check. The date of issue is decisive. So if you receive a check - for example from your energy supplier as a bonus - you should cash the check quickly. Because the Deadline started running when the company wrote the check.

If the eight days are already over, please try your bank first: They can be accommodating and simply accept the check. If this is not the case, contact the person who issued the check and ask him to write it a second time.
If the check was made out outside of Germany, you have more time to cash it: 20 days for checks made out in Europe, 70 days for all others.

The money does not go into your account immediatelybut a few days later. First of all, it is checked whether the issuer's account has enough credit.

How can I write a check myself?

You can also write your own checks. To do this, you need the templates from your bank. How you request this and what you have to consider differs from bank to bank. However, you can only ever use exactly these templates to write checks.

Also, make sure that after writing a check there is enough money in your account.

How do I find the right current account?

The Finanztip checking account calculator is based on data from banks provided by the service provider FinanceAds GmbH & Co. KG, Nuremberg (data protection information). We have filtered these with our parameters so that only banks available nationwide are displayed that offer a consumer-friendly current account according to the Finanztip criteria. The selection of banks with current accounts does not lay claim to a complete overview of the market. You can find the participating banks at the end of this article. We do not assume any liability for the correctness and topicality of the information provided here. We assume no liability for damage resulting from incorrect data or from using the computer.

Josefine Lietzau

Josefine Lietzau

Josefine Lietzau is an editor in the Bank & Investments team. During her studies in German and English, she worked for the editorial offices of the Green League, the Jüdische Zeitung and the Superillu. After completing her master's degree, Josefine Lietzau completed an internship at the online consumer portals Banktip and Posttip, where she then worked as an editor.

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