A cheque is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer. The person or entity writing the cheque is known as the payor or drawer, while the person to whom the cheque is written is the payee. The drawee, on the other hand, is the bank on which the cheque is drawn.

Cheques may be cashed or deposited. When the payee presents a cheque to a bank or other financial institution to negotiate, the funds are drawn from the payor’s bank account. It is another way to instruct the bank to transfer funds from the payor’s account to the payee or the payee’s account. Cheques are generally written against a chequeing account, but they can also be used to negotiate funds from a savings or other type of account.

The use of cheques allows two or more parties to make a monetary transaction without the need of actually exchanging physical currency. Instead, the amount for which the cheque is written is a substitute for physical currency of the same amount.

Ginesys provides for the printing of cheque templates to allow businesses to print cheques in an orderly slightly automated manner.