Why Double Cross Cheque?
A Crossed Check Is Any Check That Is Crossed with Two Parallel Lines, Either Across the Whole Check or Through the Top Left-Hand Corner of the Check. This...
A crossed check is any check that is crossed with two parallel lines, either across the whole check or through the top left-hand corner of the check. This double-line notation signifies that the check may only be deposited directly into a bank account.
What is double crossing of cheque?
In cases where a cheque bears two special crossings, it is called Double Crossing. In such a situation, the second bank act as the agent of the first collecting banker. It functions in situations when the banker in whose favor the cheque is crossed does not have the branch where the cheque is to be paid.
What is double crossing when is it permitted?
Double Crossing
“Where a cheque is crossed specially to more than one banker except when crossed to an agent for the purpose of collection, the banker on whom it is drawn shall refuse payment thereof.”