A Crossed Cheque is Safer Than Influenza A virus subtype H5N1 Bearer Cheque
When a gibe is crossed, the holder thereof cannot encash it at the counter of the bank. Encashment at the counter of the banking enterprise is possible alone inwards the example of an opened upwards cheque, i.e. a bearer gibe or an uncrossed cheque.
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The holder of a crossed gibe has to acquaint the same to his banking enterprise for collecting its sum from the drawee bank. When the sum of the gibe is collected, the line of piece of occupation concern human relationship of the holder is credited. Thus, it is possible to describe the political party receiving the sum of the cheque. This is non then inwards the example of a bearer gibe because a bearer gibe tin move encashed yesteryear anybody who presents it at the counter of the bank. blogspot.com//search?q=crossing-of-cheque-different-types-of">Crossing, therefore, gives protection against payment of a gibe to incorrect parties.
A holder of a crossed gibe should either accept a banking enterprise line of piece of occupation concern human relationship inwards his ain cite or should larn the gibe encashed through a relative or friend having an line of piece of occupation concern human relationship inwards merely about bank, yesteryear endorsing it inwards his favour. In either example the payee tin move traced.
Thus, a crossed gibe is ever safer than a bearer cheque.
