Types of Cheques

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Cheque:
A cheque is a document that orders a bank to pay a specific amount of money from a person's
account to the person in whose name the cheque has been issued.

The four main Parts of a Cheque are:

1. Drawer, the person or entity who makes the cheque

2. Payee, the recipient of the money

3. Drawee, the bank or other financial institution where the cheque can be presented for payment

4. Amount, the currency amount.

Types of Cheques
Bearer Cheque Bearer cheque is payable to any person who
presents it for payment at the bank counter is
called 'Bearer cheque'.
Order Cheque When the word "bearer" appearing on the face of
a cheque is cancelled and when in its place the
word "or order" is written on the face of the
cheque, the cheque is called an order cheque.

Such a cheque is payable to the person specified

therein as the payee, or to any one else to whom
it is endorsed (transferred).
Uncrossed / Open Cheque An open [cheque] is a cheque that is not crossed
on the left corner and payable at the counter of
the drawee [bank] on presentation of the cheque.
Crossed Cheque A crossed cheque is any cheque that is crossed
with two parallel lines, either across the whole
 cheque or through the top left-hand corner of the
chque.
This means that the cheque can only be
deposited directly into a bank account and
cannot be immediately cashed by a bank or any
other credit institution.
Anti-Dated Cheque If a cheque bears a date earlier than the date on
which it is presented to the bank, it is called as
"anti-dated cheque". Such cheque is valid upto
three months from the date of the cheque.
Post-Dated Cheque 'Postdated' is a cheque or draft that has a future
date written upon it by the user. The amount of
the check will not be drawn from the account
until the date written on the check.
Stale Cheque A cheque which a bank will not accept and
exchange for money or payment because it was
written more than a certain number of months
ago
Self Cheque Self cheque means the cheque payable to the
drawer himself. Normally, when the drawer is
willing to get cash from the bank, they write the
cheque favouring “Self” and after tendering the
cheque to the teller they will get payment for the
cheque.
Mutilated Cheque If a cheque is torn into two or more pieces
such cheque is Mutilated Cheque. If it presented
for payment, such a cheque the bank will not
make payment against such a cheque without
getting confirmation of the drawer.
Blank Cheque A blank cheque is a cheque that has no
numerical value written in, but is already signed.
Traveler's Cheque Traveler's cheque is a fixed denomination note
issued by non-banking financial institutions
(generally called traveler's cheque issuer) for
facilitating international travelers to carry and
pay traveling costs safely in their travel. It can
be widely used around the world.
Banker's Cheque Bankers cheque, as the name suggests, is a
 cheque issued by the issuing banker and payable
locally, in return of a charge known as
'Exchange' which is payable by the person who
wants a Bankers cheque to be prepared by his
bankers. The person who wants a bankers
cheque to be prepared can either pay to his
bankers by cash or from his bank account.

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