i have a payee only cheque can i sign it over to someone else
a/c
No. An Account Payee cheque can only be paid into a bank account and not as cash, which is the case for a self cheque.
They both mean the same
payee is the person whom the cheque, draft or money order is made out to.
i have a payee only cheque can i sign it over to someone else
payee
The essential elements of a cheque include the name of the bank, account payee, payee of whom the cheque is written to, date of the cheque, the payment amount written in words and numbers, serial number of the cheque, the bank state and branch code, and the account number. A signature must be signed at the bottom signature line for the payee to present the cheque.
a/c
No. An Account Payee cheque can only be paid into a bank account and not as cash, which is the case for a self cheque.
They both mean the same
payee is the person whom the cheque, draft or money order is made out to.
drawer- the person who writes and sings the cheque . drawee- the bank on which the cheque is drawn . payee- the person named on the cheque .
The DRAWER is the individual who issues the cheque, instructing the bank (DRAWEE) to pay the recipient (PAYEE). Drawer and payee can be the same person if it is a self cheque.
The person receiving the cheque, is the 'payee' - the person sending the cheque is the 'payer'.
yes
The payee .