What Is Crossing Of A Cheque Mean ?

Crossing of a Cheque

Crossing of a Cheque

If the cheque is crossed or marked account payee, the amount can be transferred only to the beneficiary’s account.  It Cannot be encashed from bank counter or a person other than the payee can collect it.

Also Read

1. Read What is Cash?
2. Read What is Cheque?
3. See What is Banker / Manager Cheque?
4. See What is a Pay Order?
5. Know What is Account Payee Cheque / Crossed Cheque?
6. Know What is an Order Cheque?
7. Read What is a Bearer Cheque?
8. Read What is an Open Cheque?
9. See What is a Self-Cheque?
10. See What is a Post-Dated Cheque?
11. Know What is a Pre-Dated Cheque?
12. Know What is a Stale Cheque?
13. Read What is a Mutilated Cheque?
14. Read What is a Travellers Cheque?
15. See What is Telegraphic Transfer?
16. See What is Letter of Credit?
17. Know What is a Demand Draft?
18. Know What is a Travel Card?
19. Read What are the types of Travel Cards?
20. Read What is a Branded Credit Card or Debit Card?

Must Know !!

• What is KFON?

Crossing of a Cheque

Klip

Klip is a cashless payment system of the United Arab Emirates.  It is a digital cash platform that eliminates use of physical cash.  Also it is a safe and secure mode of payment method as per the promoters Emirates Digital Wallet. It is by UAE’s Central Bank. The launch of Klip is in September 2020 by Emirates Digital Wallet and is tested multiple times with different aspects to make it fool-proof.  You don’t need to carry currency notes, coins or credit cards for making payments or even receiving payments.  It is a safe mode of transaction system.  Anything and almost everything can be purchased through it by making payments.  It is very efficient too.  Most importantly it is secure too. You can save money or even transfer too.