Over The Counter Check Meaning

Noun an example of a counter check is what a bank customer would fill out when taking m.

Over the counter check meaning.

Counter check blanks are typically kept at a bank s teller counter in order to facilitate checking account holders in making withdrawals at the counter without. Over the counter otc trades refer to securities transacted via a dealer network as opposed to on a centralized exchange such as the new york stock exchange nyse. Over the counter definition is not traded or effected on an organized securities exchange. A special type of blank written form provided by a bank teller that a customer can fill out to order the bank to pay a given amount from the issuer s checking account.

A counter check is a blank form provided by banks normally at cashier s booths to withdraw money from a personal account. The definition of a counter check is a check available to a bank customer to add their account number to make a withdrawal from their account. It serves as a personal check but it is drafted to the client itself to extract money from his account.