Instead of relying on someone writing a check, rely on a bank (which likely has significant assets and strict procedures) to secure the payment. The bank will check if the change of bank has not yet been redeemed and issue you another one after you have made sure that you are financially solvent. The bank bill of exchange is issued in the form of a document and written in the name of the person who will deposit it and receive the money. The person who purchases the bank bill of exchange is responsible for ensuring that the bank invoice is delivered to the beneficiary. Another major disadvantage of a bank change is that if it is lost, stolen or altered and the funds are withdrawn by the wrong person, the bank is not responsible for replacing the lost money. .