cheque

presented by Karen
 Cheque ?
a written order to a bank to pay an amount of money from
a person's or company's bank account to another person's
or company's bank account.
 types of cheque
• Cash Cheque
• Crossed Cheque
• Post-dated cheque
CHEQUE
Cash Cheque
• cheque that allows cash to be drawn over the bank counter.
• it bears the word 'cash' instead of the payee's name
• the word 'bearer' is not cancelled. This means that if a cash
cheque is lost, anyone who finds it can obtain cash over the
counter.
Crossed Cheque
• Type of cheque where the issuer makes two slightly bent,
parallel lines on the top left corner of the cheque, with the word
‘a/c payee’ written.
• It means that the specified sum of the cheque, regardless of who
is handing it over, will only be transferred to the
individual/organization whose name is mentioned as the payee.
• A crossed cheque is also safer because it can be cashed only at
the payee’s bank.
 Post-dated Cheque
• A post-dated cheque bears a date later than the date it was issued
on. It can only be cashed after the date specified by the payer.
• Post-dated cheque can be valid after the mentioned date but not
before it. Hence, even if it is presented to the bank, the bank will
not process it until the mentioned date.
thank you!