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cheque guarantee card
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Cheque Guarantee Card
Card issued from 1968 by savings and clearings banks in Europe which guarantees payment by the issuing bank when it is presented with a cheque for payment of goods or service.
It bears the customer's signature and account number, for comparison with those on the cheque; payment to the vendor by the issuing bank is immediate, no commission being charged. Other details on the card include the amount guaranteed, and the expiry date of the card.
© Research Machines plc 2008. All rights reserved. Helicon Publishing is a division of Research Machines plc.
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Red stands for hardiness and valour. White signifies purity and innocence. Blue represents vigilance, perseverance, and justice. The latest star, representing Hawaii, was added in 1960. Effective date: 4 July 1960.
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