👉 Chequebook is a type of bank account that allows individuals to hold and manage their money in a physical or virtual form. It is similar to a check, but it is typically used for transactions involving cash rather than checks. Cheques are often used by businesses to send out payment requests to customers, as they can be easily transferred between accounts without the need for wire transfers. In addition, cheques can also be used to pay bills and other expenses, such as rent or utilities.
