How to write a Safe Cheque?
How to write a Safe Cheque? https://www.fundstiger.com/cheque-safety-tips/ One of the most common ways to pay money is through a cheque. Writing a cheque is really easy, but you must be careful. A mistake while writing a cheque, can prove very costly and cost you a lot of money. 1. Use ‘A/C Payee’ instead of ‘OR BEARER’ Cutting the words ‘Or Bearer’ and writing ‘A/C Payee’ to the top left corner of the cheque will ensure that no one apart from the individual in whose favour this cheque is drawn can acquire the stated amount. In case you do not omit the words ‘Or Bearer’, it can be acknowledged as a Bearer cheque and any person possessing the cheque can claim the money. 2. Avoid Spaces Always make sure that you do not leave spaces between the words PAY and the Name of the Receiver. Also, avoid leaving spaces between the name and surname. This practice is important since it doesn’t offer anyone a chance to fill in alphabets before or after the name to claim the money. 3. Do...