What is a canceled check and why is it important to the checking account owner?
When you pay someone by check that person brings the check to the bank. The bank gives him the money from your checking account and then stamps the check as paid. The check is then called a “cancelled” check. The bank will send you the cancelled check (or a pictue of it) which you will want to keep because it is your proof that you paid the person. It will also help you keep up with how much money is in your checking account, especially if you write a lot of checks and might easily forget one.
