I always cross them "a/c payee only".
2 paralell lines across cheque with A/C Payee Only
2 paralell lines across cheque with A/C Payee Only
I have never heard of 'not transferable' being used when crossing cheques, so I'd be interested to hear more on this.
The crossing 'Account Payee' has no legal significance in Ireland, though it does in the UK after they changed the legislation a few years ago.
It's fair enough for people to ask you on what basis you are recommending this. A link to the relevant legislation would help. If you can't provide it then that's fine but don't expect people to take your advice seriously or as authoritative if you can't provide anything that independently corroborates your claims.Look
its 'Or Order' that makes the item negotiable in the first instance.
Just letting people know that it works.
Dont use it if you dont want to.
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