You are revealing your youth! Like Bob, I remember my first cheque book (in 1964) having uncrossed cheques. I usually crossed them as a precaution, but as a lazy student, I would occasionally give an uncrossed cheque to a friend who was going into town. He could then get cash for me.Must be a cultural difference- the standard cheque in the UK was a crossed one that transferred funds to another account. Uncrossed cheques were much rarer.
You had farthings? When I were a lad the only farthing I saw were the one me pa gave me mam when he handed over his week's pay for her to get the family's food.But then a tram home cost more than a farthing and a thick ear when I were a nipper.
Cross-checking - Wikipedia, the free encyclopedia
The only cross checking I know about happens on the ice.
You had farthings? When I were a lad the only farthing I saw were the one me pa gave me mam when he handed over his week's pay for her to get the family's food.
So after all this, the answer is "There is no American term for this. It's a totally foreign concept for our banking system."
You had farthings? When I were a lad the only farthing I saw were the one me pa gave me mam when he handed over his week's pay for her to get the family's food.
Buy a loaf of bread? We had to steal crumbs from bird tables if we wanted bread.You never bought a small loaf for nine pence three farthings and the shop never had any farthings (complete with the wren on the back) for change?
My memory tells me that the payee could endorse the back of a crossed cheque so that it could be paid into somebody else's account. However, if the words 'account' (or 'a/c') payee only' had been written between the lines of the crossing, it could be paid in only to the payee's account.When I was a child, I remember my dad drawing two short diagonal lines across his cheques and writing "Payee only" between them. I assumed that was to ensure that no-one apart from the payee could pay them into their bank account. I never really understood that, as I assumed that writing a name on the "Payee" line ensured that.
The effect of those two lines was that the cheque could not be cashed, but only deposited into a bank account. So an American equivalent would be to endorse a cheque that you issued on the back with the words "For deposit only to credit of (the payee)" as Soothing Dave said above.
Except that if you did that it would no longer be a cheque, but a check.;-)
Do you mean the person had to deposit it in a bank account? ...
I suppose if you wrote the words "For Deposit Only" next to the person's name, they could only deposit it.