Types of chequesback to top of pag

 

Types of cheques

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A normal cheque can only be used in the country it is issued and in the currency of that country. They can be crossed which means that only they can only be paid into the account of the payee and cannot be redeemed for cash, this is an additional security precaution.

a normal crossed blank cheque

 

 

A Euro cheque is similar to a normal cheque but can be accepted anywhere in the European Community and written in any currency.

A Travellers' Cheque is usually bought from a financial institution or travel agent. The cheque is signed twice once on issue and once at the point of use. Travellers' cheques have a face value in a particular currency.

A Company cheque these are normal cheques drawn from a Company account and are usually used to pay invoiced amounts for example the bill for a large residential conference. As such they do not often come with a valid cheque guarnatee card.