What is counter check?

A counter check is a type of negotiable instrument that is issued by a bank. It is essentially a blank check that is used to withdraw money from a personal or business bank account. A counter check is usually used when a person does not have regular checks available, such as when they are opening a new account or have run out of checks.

Counter checks are often used for small transactions and are usually cashed at the bank where they were issued. The person using the counter check writes in the dollar amount they wish to withdraw, signs the check, and presents it to the bank teller. The bank then processes the check and gives the person cash in exchange for it.

One thing to note is that counter checks typically have a higher fee than standard checks issued by the bank. Additionally, they may not be accepted by merchants or businesses as a form of payment since they do not have the account holder's name or address printed on them.