An account payee cheque is a special kind of a cheque. It is a crossed cheque that should be deposited into the account of the person or entity it is written for. It is quite different from a normal cheque that anybody can encash. Let us now see how to write an account payee cheque.
How To Write An Account Payee Cheque?
It is easy to write an account payee cheque. Here are the steps that you should follow to write an account payee cheque.
Step 1: Fill in the date at the top right-hand corner of the cheque. This is the date on which the cheque is drafted.
Step 2: Next, write the name of the person or entity to which the funds have to be transferred to in the “Pay” line.
Step 3: In the next line, write the amount of the cheque in numerical form.
Step 4: In the subsequent line following the numerical amount, write out the amount of the cheque in words. This must match the amount written in numerals in the previous line.
Step 5: Draw two parallel lines across the top left hand corner of the cheque. This is the account payee crossing which is used to show that this cheque cannot be encashed but can only be deposited in the account.
Step 6: Sign the cheque on the bottom right hand corner to confirm the transfer of funds.
Step 7: After drafting the cheque, keep it safely until deposited
Always recheck the name, date, and other details in the cheque, since errors can result in the return of the cheque or delay in the transfer of funds. Also, use a pen with black or blue ink so that it is easier to read and the cheque will not be altered.