A filed check is a common financial practice where a signed check is deposited into a bank account. The check is “filed” by the recipient, who then takes it to their bank to deposit the funds into their account. The filed check is then processed by the bank and the funds are transferred from the check writer’s account to the recipient’s account.

Filed checks are typically used for payments between individuals or businesses where electronic transfers are not available or when the recipient prefers physical checks. This method is also commonly used for rental payments, bill payments, or other transactions where a paper trail is needed.

One benefit of using filed checks is that it provides a record of the payment, which can be useful for both parties in case of any disputes or discrepancies. It also allows the recipient to deposit the funds directly into their account without having to physically go to the bank.