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What is a cross check?

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Anonymous

10y ago
Updated: 8/16/2019

A Crossed cheque is one that can only be deposited in an account. They cannot be encashed directly.

Usually if we hand over the cheque to the teller they would verify the account details and hand over cash to us but crossed cheque's (also called account payee cheques) can only be deposited into an account. So the cash can be realized only by depositing those cheques into the account of the person on whose name the cheque is given.

This is usually done to ensure safety. Only legitimate account holders can encash such cheques.

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Wiki User

16y ago

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