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A crossing may have the name of a specific banker added between the lines. A cheque with such a crossing can only be paid into an account at that bank. The beneficiary bank can add an additional crossing to allow another bank, who are acting as their agent in collecting payment on cheques, to be paid the cheque on their behalf.
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.
A cross-check occurs from time to time in games. It is an essential tactic in winning endgames such as two queens versus one queen, or queen and pawn versus queen, where it is used to stop a series of checks from the opponent and force the exchange of queens.
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 in many ways. Online banking has made digital...
Learn the definition of a bounced check and how to protect your checking account from overdraft fees and unfulfilled payments. See this guide for more.
Cross-checking, an infraction in the sport of ice hockey and lacrosse. Cross-check (chess) , a chess tactic of blocking a check with a check to force the exchange of pieces The Interstate Voter Registration Crosscheck Program , a former voter registration list maintenance program in the United States
The funds for the cashier’s check: Of course, you’ll need to pay for the amount of the cashier’s check in full, and you may also have to pay a fee for the service. Make sure you bring enough ...
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.