The conversation between human and AI assistant.
What is the difference between a crossed cheque and an account payee cheque?
Can you please tell me the difference between a crossed cheque and an account payee cheque?
Sure, I'd be happy to help you with that. A crossed cheque is a cheque that has two parallel lines drawn across its face. This signifies that the cheque can only be paid into an account and cannot be cashed over the counter. On the other hand, an account payee cheque is a cheque which can only be credited to the account of the payee and cannot be en-cashed by the bearer of the cheque.