The stuff about order checks doesn't make sense to me. My understanding is that a 'bearer cheque' is one explicitly made out to 'bearer' or 'cash', and which can therefore be exchanged by anyone who has posession of it. A cheque made out to a specific person can be exchanged for cash only by the person it is made out to. Whoever cashes it can of course be more or less vigilant in demanding proof of identity. A 'crossed cheque' can only be paid into a bank account of the payee. In Britain at least most cheques are 'crossed' at the time of printing.
Anyone have any more details, and whether other European countries work differently? DJ Clayworth 22:47, 4 Feb 2004 (UTC)
The US is about make a total cockup of chequing. 142.177.24.144 04:59, 24 Sep 2004 (UTC)
No need for ()
We don't need the (finance) if we just spell "cheque" correctly. Chamaeleon 12:43, 11 Mar 2005 (UTC)
- I agree. Maybe someone should do a cut and paste move and mark this for Wikipedia:Speedy deletions. We will need an admin to copy the history though. —UTSRelativity 02:32, 20 Apr 2005 (UTC)