Скачать с ютуб Difference between Order and Bearer Cheque explained | Different types of cheque | What is Cheque в хорошем качестве

Difference between Order and Bearer Cheque explained | Different types of cheque | What is Cheque

About the video - In the video I have given complete details about Order cheque and Bearer Cheque. A cheque is simply a written order directing a bank to release a stated amount of money from a specific bank account. There are three parties involved in the processing of a cheque: the drawer, who issues the cheque and holds the bank account; the drawee, which is the financial institution; and the payee, who is the person whose name appears on the cheque and will receive the funds. A bearer check, like cash, is valued. No endorsement on a bearer’s check can make the cheque payable to anybody other than the holder. The paying cashier does not need to take many steps to determine the valid owner of the payee. An order check has the words ‘or order’ following the payee’s name or the term ‘bearer’ wiped out. The bank pays the individual whose name appears on the check-in of these cases. This means the bank is only obligated to pay the money to the payee or ordered person and not to anybody else. Bearer Cheque vs. Order Cheque - Difference A bearer cheque can be cashed by anybody who presents it at the bank’s payment counter. On the other hand, an order cheque is payable to the payee or any other person the payee allows. Simple delivery can be used to transfer bearer cheques. On the other hand, the transfer of ownership of the order check is only feasible with proper endorsement. For a bearer cheque, the recipient’s signature on the reverse of the cheque serves as the receipt. In the event of an order check, the payee’s signature serves merely as an endorsement. Topics covered in the video : What is Cheque ? Different type of cheques bearer cheque vs order cheque bearer cheque order cheque what is bearer cheque order cheque and bearer cheque bearer or order cheque in hindi what is order cheque bearer cheque and order cheque bearer vs order cheque account payee cheque what is order cheque and bearer cheque what is bearer cheque and order cheque types of cheques bearer cheque kya hota hai crossed cheque order cheque vs bearer cheque #chequebook #ordercheque #bearercheque #cheques Thanks for watching About - Hi Dosto Biraj ki Baatein is a Youtube channel where u get information about day to day usage Banking Products, information about other Financial Products like Mutual Funds, shares & stocks, insurance and some discussions on current affairs , reviews of recently released movies & some entertainment stuffs in our own language Hindi. So plz subscribe my channel and press the bell icon to get my new videos notification on time. Thanks for watching. Follow me : @instagram:-   / birajkibaatein   @twitter :-   / birajkibaatein   DISCLAMER : This channel DOES NOT promote or encourage Any illegal activities, all contents provided by this Channel is for EDUCATION purpose only.