Drawing two parallel lines across a cheque means that it has to be paid into the account of the

Assessment: JAMB UTME - Commerce - 1994 Subject: Commerce

Question 1 Report

Drawing two parallel lines across a cheque means that it has to be paid into the account of the
Answer Details
Drawing two parallel lines across a cheque is known as "crossing a cheque." It means that the cheque has to be paid into the account of the payee, rather than being paid in cash. Crossing a cheque provides an extra layer of security to prevent fraud and theft of the cheque. Once a cheque is crossed, it can only be deposited into the account of the payee and cannot be cashed over the counter. This ensures that the money goes directly to the intended recipient and cannot be stolen by anyone else.
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