What is the difference between open cheque and crossed cheque

Question

What is the difference between open cheque and crossed cheque

1 Answer

anony mous · Answer 1 · 2021-07-28T14:50:47+0000

An open cheque is the one that can be cashed over the counter while a crossed cheque is the one that can only be deposited in the payee’s bank account, thereby increasing the amount of money therein.

What is the difference between open cheque and crossed cheque

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories