What Does ‘A/C Payee Only’ Mean on a Cheque?”
Have you ever wondered what the term “A/C Payee Only” signifies when you come across it on a cheque? This seemingly small instruction actually carries significant implications for financial security. When you see “A/C Payee Only” on a cheque, it indicates that the amount on the cheque can only be deposited into the bank account of the individual specified on … Read more