Crossing of Cheques- Ineligible for persons other than Payee

Q.  What does crossing of cheques make them?
- Published on 20 Jul 15

a. Invalid document
b. Ineligible to endorse to a person other than the payee
c. Remain the same
d. Ineligible to get cash across the bank counter

ANSWER: Ineligible to endorse to a person other than the payee
 
Crossing ensures security to the holder of the cheque.

Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)