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Quick answers
What is a Cheque?
A cheque is a negotiable instrument that instructs a bank to pay a specific amount of money from a person's account to the person or entity named on the document.
When should I use a Cheque?
Cheques are commonly used for large payments, rent, or business transactions where digital transfers might not be preferred or available, providing a clear paper trail.
How do I write a Cheque?
Fill in the date, the payee's name, the amount in both words and figures, and sign the document. Ensure there are no blank spaces that could be misused.
What is the cost of a Cheque?
Banks typically provide chequebooks to account holders, though costs vary based on your account type and the number of leaves requested. Check with your local bank branch.
Where can I get a Chequebook?
You can request a new chequebook through your bank's mobile app, website, or by visiting your home branch. Always keep your chequebook stored securely.
What is a practical tip for Cheques?
Always cross your cheque by drawing two parallel lines in the top left corner with the words 'Account Payee' to ensure the money goes directly into the recipient's bank account.
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