What are the types of cheques?

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1100337

2026-03-09 01:51

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Cheques/Checks types:

1)Bearer Checks - Normal checks that will paid to the person who has his/her name as the check payee

2)Account Payee Checks - checks that will be paid only into the bank account of the person to whom the check is issued to

3)Travelers' Checks - equivalent to foreign currency and can be cashed into the currency denominated in it, at any bank in the target country. For ex: If I carry USD travelers checks, I can cash it with any bank in the USA

4)Bankers Checks - Checks issued by banks that can be used as cash equivalent

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