Crossing of a cheque. - ppt download

Meaning Crossing prevents fraud and wrong payments. It means “Drawing Two Parallel Lines” across the face of the cheque. Thus crossing is necessary in order to have safety.
Double special crossing or Double crossing - Sometimes the bank whose name is appearing in the crossing may not find a branch in the place where the payee is to present the cheque, bank has to appoint another bank as its agent for collection.

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PPT - John makes out a cheque in favour of Thabo and crosses and marks it “not negotiable”. PowerPoint Presentation - ID:2213483

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crossing of cheque-banking.pptx