Money Warnings

Crossing Checks
Crossing a check with "not transferable", "account payee" or "a/c payee" means that the check can't be used by someone else. A check marked as "account payee" can only be paid into the bank account (with the same name) of the person it is made out to. Some people write "only" after a/c payee. This makes it clearer to the person receiving the check, but it is not necessary to add "only".

This will help reduce check fraud, as anyone using the check can only put it into the account named on the check. But because only the person named on the check can bank it, it is very important that the name is correct.

Not Negotiable Checks
This is not the same as "not, or "non-transferable". A check marked "not, or non-negotiable" can be transferred to someone other than the person it is made out to. But it still has to be paid into a bank account.

Do not accept a "not transferable" or "account pay...

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