what is a non negotiable check 
a non negotiable check has no monetary value it is essentially a paper receipt provided to a payee as a record of payment non negotiable checks are typically given to employees whose paychecks are automatically deposited the bottom linenegotiable instruments are legally binding documents that guarantee a stated monetary value when their ownership is transferred from one party to another they can be exchanged for goods or cash or can be deposited by their owners the term negotiable can also describe a contract or offer that is not fixed meaning its terms are up for discussion 