In a bank statement of SBI, It is given in the descriptttion of a partitucalar transtion that "Cheque WDL--252578".
With the descriptttion, can we know whether the cheque issued was bearer or account payee.
Thanks in advance.
Satish Makam
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A/c payee or bearer
Replies (3)
Sir,
Generally, in the case of bearer cheques, persons name is stated in the statement or self is stated.
In your case, i think it is an account payee chq.
Undoubtedly, its a bearer cheque. Because "WDL" represents cash withdrawal and it can be done only with bearer cheque.
ok sir.
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