Miguel opened a chequing account at the Bank of Guelph.As part of that transaction, Miguel authorized the bank to credit his account every time that he wrote a cheque on it.

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When Miguel writes a cheque, it means he is instructing his bank (the Bank of Guelph) to pay a specific amount of money from his account to another party. The bank does not credit his account when he writes a cheque; instead, the bank debits (or decreases) his account balance by the amount of the cheque.

Miguel Opened a Chequing Account at the Bank of Guelph