Crossing_of_cheques
Crossing of cheques
Method of restricting redemption of cheques
A crossed cheque is a cheque that has been marked specifying an instruction on the way it is to be redeemed. A common instruction is for the cheque to be deposited directly to an account with a bank and not to be immediately cashed by the holder over the bank counter. The format and wording varies between countries, but generally, two parallel lines may be placed either vertically across the cheque or on the top left hand corner of the cheque. By using crossed cheques, cheque writers can effectively protect the instrument from being stolen or cashed by unauthorized persons.[1]
The examples and perspective in this article deal primarily with the United Kingdom and do not represent a worldwide view of the subject. (March 2021) |
Cheques can be open (uncrossed) or crossed.