What is difference between cross cheque & account payee cheque?
account payee - a cheque can only be paid into the account of the person name on the cheque, the payee. This effectively means that the payee cannot sign the cheque over to another person.
It used to be an issue because if somebody found the cheque then they could just scribble their name on the back and pay it in.
The a/c payee only thing says "only pay to the designated person"
But every cheque since I've had one has had it on there, so I don't think you need to worry about it anymore.
it is made by putting two vertical parallel lines with the words "AC Payee" in the top left corner of your cheque