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IF you meant 'on a crossed cheque' - it's an instruction to the bank, to credit the value of the cheque to the payee's account - rather than handing over the cash.

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9y ago

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Related Questions

How do you encash crossed cheque?

Deposit it into your bank account A crossed cheque cannot be cashed directly. It can only be deposited into a bank account.


What happens when you receive a crossed cheque and you have no bank account?

open a bank account.


How do you uncross a crossed check?

To uncross a crossed check, you can simply draw a straight line through the original line, sign on top of the new line, and deposit the check at your bank. Make sure to also write "uncrossed" or "not crossed" on the check to notify the bank.


What is the procedure for encashment of a crossed demand draft if the drawee has no bank account?

The only way the drawee can get the money is by opening a bank account and then depositing the crossed demand draft into it. The purpose of crossed drafts is to ensure that the money is paid out only into a bank account. So, there is absolutely no way for you to get the money without opening up a bank account. Also, the name in your bank account must match the name on the draft, otherwise the draft will not be encashed.


What is a bank transfer order?

It's an instruction from one bank to another - to transfer funds between accounts.


What is Swift MT111?

It's a stop payment instruction on a bank draft


How long does a crossed cheque take to clear in a bank account?

about fity thousand dollar


Can cross cheque be deposited in bearer account?

A crossed cheque must be banked. If the or bearer is not also crossed/deleted; then, strictly speaking, the cheque can be banked into the holder (bearer) of the cheque [and the bank teller will write the bank account number into which the cheque is being deposited].Some countries will only let the cheque be deposited into the bank account of the person/business named on the cheque (even if the or bearer is not crossed/deleted).


What is bank order?

an instruction given by an account holder to a bank to pay a specific sum of money at fixed intervals to a person or account


How can you make your Indian postal order to crossed Indian postal order?

To make your Indian postal order to a crossed postal order, you must know the recipient's bank information. A crossed postal order is treated like a check.


What is the difference between electronic clearing system and standing instruction?

Actually, ECS works upon standing instruction. So there is no difference between them , A standing instruction can be issued to the bank where a customer holds a account to debit/credit . In ECS you issue a mandate to the bank which debits your account periodically in case of ECS-Debit.


How long does it take a crossed warrant to clear when put into your bank account?

3 working days