From: utzoo!decvax!harpo!seismo!uwvax!bill Newsgroups: net.misc Title: Re: Do we need to buy checks? Article-I.D.: crystal.153 Posted: Thu Jan 6 11:32:19 1983 Received: Fri Jan 7 04:30:48 1983 References: rocheste.369 Commercial banks, in my personal experience, accept a variety of negotiable instruments. When an auto dealership I once ran would buy cars at [a regular auto] auction, the title was put in an envelope which had a "bank draft" form printed on the face of it. This was processed, as far as our account was concerned, as a check with some special handling. Our bank did not charge extra for processing these. An order to pay, in the proper form, requires the bank to make payment if you have the money on deposit [a "demand deposit"]. Custom determines the fees, if any. I have heard of people "cashing" billboards, etc [television, in the early 60s]. Drafts usually have the phrase "payable at par", meaning the bank is to pay the face amount charging the signer of the draft any fees, etc. I have an old [circa 1945] business checkbook of my father's that has the same phrase printed on it. Bill Cox bill@uwisc ...seismo!uwvax!bill