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Can cross cheque be deposited in bearer account?

In: Commercial Bank and Checking Accounts [Edit categories]

Answer:

A crossed cheque must be banked. If the or bearer is not also crossed/deleted; then, strictly speaking, the cheque can be banked into the holder (bearer) of the cheque [and the bank teller will write the bank account number into which the cheque is being deposited].

Some countries will only let the cheque be deposited into the bank account of the person/business named on the cheque (even if the or bearer is not crossed/deleted).

First answer by ID2034804004. Last edit by ID2034804004. Question popularity: 67 [recommend question].

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