Substituting the concept of cash exchange, an alternative system of money transaction is popular now and that is nothing but cheques. So, as compared to the earlier days, there lies an utter importance of opening a check account in this modern era. It gives the openness to access various types of checks. The advantage of having a wide variety of checks is that the person who wants to draw the sum of money from their account can choose the color, font, features, and design of the check.
To keep yourself free from fraudulent activities, you need to be careful in doing everyday monetary transactions through selection of the correct check pattern. Though it seems a small thing to note, it’s big enough to lead to widespread confusion for many. There lies the need to check specifications and decide the right one that suits your purpose: single vs duplicate cheques.
The Key Difference between Single and Double Checks
To strengthen your family’s financial safety, you need to have a strong understanding of the thin line of difference between the above two types of cheques. If you want to draw a clear understanding of duplicate vs. single check, you have to check each type of functionality of these cheques. This will help you to understand that functionality of one type is slightly different from the other.
Let’s start with the definition of the two types :
What is the functional difference between the two though in the end it serves the same purpose?
When it comes to dealing with a single cheque, it’s considered to be a document through which the user can receive an amount.
You may have observed while using a single check, it only consists of the cheques. Even though the user can successfully transfer money, yet there remains no proof about the time of issuing the cheque. For certain reasons, single cheques are valued more. The small sized companies prefer the affordability of single cheques because you can get a larger quantity of single checks in a box at a lesser price.
So, now you must be thinking what separates the two checks? The different usage of the two sets a major difference. In short, the duplicate check is a featured normal check.
Depending on the size of the transaction, the user needs to decide the check type.
A Detailed Understanding of the Two Types of Checks
Cheque users should ultimately make the full breakdown of the features that set the two types apart. As both types look the same, you have to choose what works the best for you. It is the carbon material that helps in the duplication of a cheque and that is present in a duplicate check.
If you want to consider the ease of handling, you will definietly prefer the single cheques. Single cheque book comprises only cheques and is lighter in weight. On the contrary, duplicate cheque books are bulky because each page comes in twos. As said, beneath the dual cheques, the carbon paper is placed and one can leverage the benefit of the carbon content while using double cheques.
After a brief overview of the differences of the single vs duplicate cheque, it’s time to make simpler understandings. To avoid further confusion, let’s check the below collected information of this guide.
Why to Use a Duplicate Check?
When it comes to monetary transactions, we all get scared of fraud. The biggest decision to make is to go for the safest mode of transaction. To succeed with your purpose of deciding among duplicate vs single cheque, you need to avail a duplicate cheque while dealing with monetary transactions. In case you have lost the check, you can complain against the written duplicate check. In the duplicate check, the user can make an evidence of the information with the help of the carbon paper placed beneath the cheque. In fact, it’s a form of evidence that anyone can come up within the court of law.
Cite the Writing Pattern
Another notable difference between the two, is the process of writing of the respective cheque. While writing a duplicate cheque, the writer needs to apply the required force on the top of the cheque. The firm pressure is applied to imprint a copy of the cheque. However, in the single cheque, there needs no application of force.
A beginner may find it confusing to decide the right transaction medium between single vs. duplicate check. But, the above tips mentioned in the guide by Financeshed should have helped you to clear your understanding. The next time when you have to make transactions, you will not fall into the ambiguity of selecting the correct check type.