In banking, a cheque is a written instruction to a bank to pay a specified amount from one account to another. An Account Payee Cheque (also called a Crossed Cheque) is the safest type of cheque — it can only be deposited into the payee's bank account, never cashed at a counter.
Definition: Cheque that can only be deposited, not cashed.
Symbol: Two parallel diagonal lines + 'Account Payee'.
Safer Than: Bearer cheque.
Used For: Salary payments, large transactions, rent.
An Account Payee cheque has two parallel diagonal lines drawn across the top-left corner of the cheque, with the words 'Account Payee' or 'A/C Payee' written between the lines.
This crossing instructs the bank: 'Do not pay cash — credit this amount ONLY to the named person's bank account.'
| Feature | Account Payee (Crossed) | Bearer Cheque |
|---|---|---|
| Can be cashed at counter? | No | Yes |
| Who can receive? | Only named person's account | Anyone who presents it |
| Safety | Much safer | Risky — can be stolen and cashed |
| Line on cheque | Two parallel lines | No lines |
An account payee cheque is a crossed cheque that can only be deposited into the named payee's bank account — it cannot be cashed at a counter.
Draw two parallel lines on the top-left corner of the cheque and write 'Account Payee' between them. Fill in the payee name, amount in words and figures, and sign.
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