An open cheque No lines are drawn across the face of the cheque.No lines are drawn across the face of the cheque. The payee can obtain cash from the drawer’s.

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Presentation transcript:

An open cheque No lines are drawn across the face of the cheque.No lines are drawn across the face of the cheque. The payee can obtain cash from the drawer’s bank directly; in other words, the payee may not have a bank account.The payee can obtain cash from the drawer’s bank directly; in other words, the payee may not have a bank account. Chan Siu Ming 15 June 2004 One hundred only

A crossed cheque A cheque can be crossed by drawing two parallel lines “ // ” across the front.A cheque can be crossed by drawing two parallel lines “ // ” across the front. Crossed cheques must be deposited in a bank accountCrossed cheques must be deposited in a bank account. Chan Siu Ming 15 June 2004 One hundred only

A bearer cheque A bearer cheque means that any holder of the cheque can cash it.A bearer cheque means that any holder of the cheque can cash it. If it has been crossed, the holder can deposit it into any account.If it has been crossed, the holder can deposit it into any account. Do not send bearer cheques through the post.Do not send bearer cheques through the post. Chan Siu Ming

An order cheque By striking out “or bearer” the cheque becomes an order cheque, which means that only the named person can cash it or endorse it.By striking out “or bearer” the cheque becomes an order cheque, which means that only the named person can cash it or endorse it. Chan Siu Ming

A cheque issued by the HSBC

Counterfoil （票根） Counterfoil is used for reference only. The cheque-book holder can check the details of payments with those listed in the bank statements.

A cheque issued by the HSBC

A/C Payee Only （存入受款人戶口） Cheques that are crossed with “account payee only” have to be deposited in the payee’s account.

Open cheque can obtain cash from the drawer’s bank directlycan obtain cash from the drawer’s bank directly no lines drawn across the face of the chequeno lines drawn across the face of the cheque Crossed cheque can obtain money through a bank account onlycan obtain money through a bank account only two vertical or parallel lines drawn across the face of the chequetwo vertical or parallel lines drawn across the face of the cheque

Bearer cheque no named payeeno named payee only ‘cash’ is written in the space provided for the payeeonly ‘cash’ is written in the space provided for the payee Order cheque a payee’s name is writtena payee’s name is written endorsement is possibleendorsement is possible

A cash cheque