QUOTE(PLOUFFLE @ Jul 4 2015, 02:30 PM)

QUOTE
IF I want the person leave a record at bank,I write his/her name BUT NOT WRITE CASH.
"A/C Payee Only" and Cash Cheques
"A/C Payee Only" and Cash Cheques
You've probably heard these 2 terms before. If you must issue a cash cheque (that is, without a name such that anyone may go to your bank branch and take money out), you have to
'cross' the part of the cheque, with either one or two straight perpendicular lines, that says
"A/C Payee Only" and sign again beside that part.
Be very careful, though, because once you do this, the cheque is effectively cash and anyone can take it to your bank branch and withdraw the money.


why no need cross it??
get examples from latest BNM approved cheque format
edit:
QUOTE
IF I want the person leave a record at bank,I write his/her name BUT NOT WRITE CASH.
"A/C Payee Only" and Cash Cheques
"A/C Payee Only" and Cash Cheques
this part i can tell you it's not true. you write name oso it will only state CASH WITHDRAWAL in your statement
plus 50 sen cheque processing fee and 3 sen GST
This post has been edited by lucifah: Jul 5 2015, 08:39 AM
Jul 5 2015, 08:37 AM
Quote
0.0130sec
0.92
5 queries
GZIP Disabled