Confirmed Bundesbank check
The confirmed Bundesbank check (formerly "confirmed LZB check", colloquially simply "Bundesbank check" ) is a specially secured means of payment of the Deutsche Bundesbank with a limited redemption guarantee. The legal basis is not the Check Act , but Section 23 BBankG .
The Bundesbank branch concerned affixes a confirmation note to the back of the check , which contains the confirmation period, the amount and the confirmation that this check can be accepted for immediate and unconditional credit to the checking account of the redeemer. At the same time, the Bundesbank debits the issuer's current account at the Bundesbank with the amount of the check plus a processing fee . The Bundesbank's liability expires when the check's confirmation period expires. If the check is presented after the deadline, the Bundesbank treats it as an unconfirmed check within the scope of the simplified check and direct debit.
A confirmed Bundesbank check can generally be paid out in cash at all branches of the Deutsche Bundesbank, unless a note excluding cash payment (e.g. "Only for settlement") has been made on the check.
In practice, banks procure confirmed Bundesbank checks for their customers by drawing checks onto their Bundesbank account, having them confirmed and handing them over to the customer.
Confirmed Bundesbank checks are used in legal transactions that usually require immediate cash payment when the knockdown is accepted, such as auctions or foreclosures .
See also
literature
- V. Tolkmitt: Neue Bankbetriebslehre , Gabler, Betriebswirt.-Vlg, (2004, 2007), ISBN 3409126457
