0
A crossed check or an Account Payee check is one that cannot be exchanged for cash. It has to be deposited into the bank account of the person to whom the check is issued. For ex: if you lose a regular check written out to you by a friend and I find it, I can create a fake ID card and visit the bank as you and get it cashed. However, if it is a crossed check, the only way I can cash it is by depositing the check in my bank account. This way chances of misuse are reduced greatly
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the difference between cross check and cash check?
Those are totally different things. Cross check is either checking something twice or a hockey maneuver. Both has nothing to do with banking or cash checking.
What is Promissory Check Open Check Cross Check and Stale dated Check?
promissory note a written promise by a person or the maker.
How do you cash the cross cheque?
A crossed check or an Account Payee check is one that cannot be exchanged for cash. It has to be deposited into the bank account of the person to whom the check is issued. For ex: if you lose a regular check written out to you by a friend and I find it, I can create a fake ID card and visit the bank as you and get it cashed. However, if it is a crossed check, the only way I can cash it is by depositing the check in my bank account. This way chances of misuse are reduced greatly
Importance of trial balance?
importance of trial balance importance of trial balance
Importance of shares?
What is the importance of shares?
What does the cristian cross mean?
The Christian Cross refers to the cross which Jesus died on and signifies the importance of him.
What was the importance of Washingtons decision to cross the Delaware river?
For fun
What is the importance of a cross lap wood joint?
Strength of joint
Importance of imperialism today?
check your answer
What are the importance of economics to accounting?
check your answer
Importance of IT in science and engineering?
check your answer
How do I check if my AT Cross pen is genuine?
check the serial number.
What is the Importance of resource person in seminars?
Check
How could one understand the importance of the cross?
If a person wants to understand the significance of the cross, they should read the bible. The bible will contain the history of the cross, as well as what happened when Jesus died on the cross.
Do Anglicans cross themselves?
Because of the central importance of the cross, in reflection of Jesus' sacrifice for us and because it frightens the devil and his demons when we do.
What is The importance of questioning clients to establish any contraindications to hair and scalp treatments services?
To reduce the risk of cross infection and cross infestation.
What is the importance of questioning clients to establish any contraindications to hair and scalp treatment services?
To reduce the risk of cross infection and cross infestation.
