What is the Difference between A/C Payee Chq. and Bearer
Answers were Sorted based on User's Feedback
Answer / khushbu thakral
In A/c Payee cheque the account of the concerned person is
must.But in bearer cheque the account of the concerned
person is not required.
|Is This Answer Correct ?||32 Yes||9 No|
Answer / nitesh chaubey
A/c payee chq.cannot be endorsed to other person and the money will be deposited in the a/c of favourable person not other person. But bearer chq. is the chq. through which any person can withrow money in cash and for this a/c is not necessary.
|Is This Answer Correct ?||29 Yes||9 No|
Answer / poonam
in A/C payee cheque money goes into account no money
withdrawl is is safe and can be transfered to third party,
while in bearer cheque encash at bank counter, it is risky .
|Is This Answer Correct ?||16 Yes||8 No|
Answer / rajpal singh rathore
A/c payee cheque have to deposit in the bank account of the
person, in favour cheque has been issued. But any person
can withdraw the money of bearer cheque from the cash
counter of the bank after signature on the back side of the
|Is This Answer Correct ?||11 Yes||4 No|
Answer / sreeshaila.k
A/c Payee Chaque only name of the chaque holder is having
right to withdrwn money, Bearer cheque any one
can withdrawn money who holding the cheque
|Is This Answer Correct ?||11 Yes||7 No|
Answer / rudraksh singh
In bearer cheque self is written in place of 'pay' but in ac payee cheque the name of the person is written to which we are depositing the money
|Is This Answer Correct ?||1 Yes||0 No|
Answer / sunil kumr a h
A/C payee Chq - Only the name of the person mentioned in the cheque(Payee field) should collect the money into his account.(Order Cheque).
Bearer Chq - Irrespective of name of the person mentioned in the cheque(Payee field) i.e one who hold the cheque can collect the money into his account.
|Is This Answer Correct ?||6 Yes||9 No|
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