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A crossed cheque generally is a cheque that only bears two parallel transverse lines, optionally with the words 'and company' or '& Co.' (or any abbreviation of them) [clarification needed] on the face of the cheque, between the lines, usually at the top left corner or at any place in the approximate half (in width) of the cheque. [2]
A cheque (or check in American English; see spelling differences) is a document that orders a bank, building society (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.
Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.
Paper checks, though not used daily as much as they used to be, are still a necessary part of making payments and managing your checking account. Online banking has made digital transactions more...
A certified check is a personal check that an account holder’s bank has confirmed is backed by sufficient funds and bears a legitimate signature. The amount of money on a certified check is ...
Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit account). Instead, they may be drawn against "available funds" or "out of fund 0027" so that the issuer can collect interest on the float or delay redemption.
Fund the check and cover any fees. The bank or credit union will either handle a cashier’s check like a window transaction or, in some cases, may deduct the check’s amount from your open ...
Essentially, he and his partner sat in the truck, cashing unemployment checks -- presumably for people who lacked a bank account. I'm guessing that a "crossed check" is a check made out to A, signed by B, which A then endorses or "signs over" to C -- so C wants to cash a check made out to A. --- OtherDave 11:36, 1 October 2008 (UTC)