Commercial Loan Officer Question:

Tell us what is ‘Crossed Cheque’?

Commercial Loan Officer Interview Question
Commercial Loan Officer Interview Question

Answer:

A crossed cheque indicates the amount should be deposited into the payees account and cannot be cashed by the bank over the counter. Here in the image, number#2, you can see two cross-lines on the left side corner of the cheque that indicates crossed cheque.


Previous QuestionNext Question
Explain what is consumer bank?Explain me what is ‘prime rate’?