answersLogoWhite

0

In the case of a bearer cheque, the bank has to pay the person who is holding the cheque and presenting it for payment. In case of a crossed cheque, the bank will only credit the money into the persons bank account. They will not issue cash

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What is difference between cross check and bearer check?

A Bearer cheque is one which the bearer (the person to whom the cheque was issued) can present at the bank on which the cheque was given and receive the cash For ex: If I give you a cheque on my ICICI Bank account in Chennai to you, you can take that cheque to any ICICI bank branch in Chennai and collect the cash that is written on it (if i have sufficient balance in my account) whereas a crossed cheque is one that cannot be cashed as said above. It can only be deposited into the payees (your) bank account


What are the difference between clustering and cross enrollment?

what are the difference between clustering and cross enrollment


What are the release dates for The Cross Bearer - 1918?

The Cross Bearer - 1918 was released on: USA: 1 April 1918


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 the difference between a plant cell and an onion peel cell?

check the microscope and the cross section views....


Difference between cross section and block diagram?

difference between cross section and block daigram


What is the difference between a cross offer and counter offer?

the difference between offer and counteroffer


What is the difference between a Christian cross and a Catholic cross?

The main difference between a Christian cross and a Catholic cross is that the Catholic cross often includes a figure of Jesus Christ on the cross, while the Christian cross is typically a plain cross without any figures.


What is the difference between cross hairs and stadia hairs?

cross hair cross each other but stadia hair do not cross each other


What is the difference between track and cross country?

Track is running in circles and cross country is just running.


What is the difference between cross filing an draw filing?

something to do with something


What is bearer cheque?

Cross cheque means that it can only be paid into a bank account and cannot be paid in cash over the counter. A bearer cheque is made payable to the bearer i.e. it is payable to the person who presents it to the bank for encashment