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.

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. It serves as a personal check but it is drafted to the client itself to extract money from his account. Over the counter definition is not traded or effected on an organized securities exchange. A counter check is a blank form provided by banks normally at cashier s booths to withdraw money from a personal account.

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. 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. How to use over the counter in a sentence.