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Crossing a cheque means putting two parallel lines on the left hand top corner of the cheque. This means that, the cheque is a Account Payee cheque which means it can only be deposited into another account and cannot be exchanged for cash over the counter. This serves two purposes - you can keep a track of who encashed your cheque and also ensure that even if the cheque is lost, it cannot be misused by anyone. The person to whom the cheque was paid will be recorded.
What else can I help you with?
How do you open a crossed cheque?
A crossed cheque can be 'opened' and cashed over the counter when the authorised signatories (right mandate) signs against the crossing. Signing against the crossing could be one of three things: 1. signing on top of the crossing, 2. signing in the crossing, 3. signing beneath the crossing. Note that the combination of mandate that originally signed the cheque must sign to 'open' it.
How do you open a cheque?
A crossed cheque can be 'opened' and cashed over the counter when the authorised signatories (right mandate) signs against the crossing. Signing against the crossing could be one of three things: 1. signing on top of the crossing, 2. signing in the crossing, 3. signing beneath the crossing. Note that the combination of mandate that originally signed the cheque must sign to 'open' it.
What What is the difference between a humidistat and a dehumidistat?
The difference is the relay operation.Normally opened or normally closed.If you add an external spdt relay,you could have a humidistat/dehumidistat.
What is the difference between opened and closed system of air conditioning?
A closed system would be full of freon without any leaks and a opened system would have no freon or has leaks...........
How many people went across the London bridge?
200,000 crossed the bridge the day it was opened.
What is the difference between doc and rar?
DOC - is a text document that can be opened and edited with MS Word or OpenOffice. RAR - is an archive that can be opened with an archiver tool, B1 Free Archiver foe example.
What is difference between inward LC and outward LC?
An outward LC is opened on behalf of a customer who wishes to import or buy goods. An Inward LC is opened by a foreign bank in favor of the exporter.
Why CO2 gas comes out in force when bottles of soda is opened?
The cause is the pressure difference between the gas pressure in the bottle and the atmospheric pressure.
How can you tell the difference between a whitehead and a xanthoma?
A xanthoma remains intact, solid/firm, almost hard when removed - a whitehead does not - having the consistancy of pus when opened.
What is the difference between a open container and a possession ticket?
An "open container" is as the name implies. The seal, or bottle top, or pop-top, or whatever, was opened (i.e. - not as sealed from the factory). "Possession" is simply "having" the contraband in your possession whether or not it was opened.
What is the difference between document and file in software?
A document is a file that can be used with other utilities.like doc or jpg files. Exe files are not documents and can be opened by operating systems.
Who was a french explorerwho opened the way for trade between the french and the Indians?
it was Jacques cartier who opened the trade between the french and the Indians
