an interview of bank manager with the opening account
Answers
Question 1. Explain What Do You Mean By ‘cheque Endorsing'?
Answer :
‘Endorsing cheque' ensures that the cheque get deposited into your account only. It minimizes the risk of theft. Normally, in endorsing cheque, the cashier will ask you to sign at the back of the cheque. The signature should match the payee. The image over here shows the endorsed cheque.
Question 2. Explain Me What Is Cashier's Cheque?
Answer :
A cashier cheque issued by the bank on behalf of the customer and takes the guarantee for the payment. The payment is done from the bank's own funds and signed by the cashier. The cashier cheque is issued when rapid settlement is necessary.
Question 3. Do You Know What Is ‘crossed Cheque'?
Answer :
A crossed cheque indicates the amount should be deposited into the payees account and cannot be cashed by the bank over the counter. Here in the image, number#2, you can see two cross-lines on the left side corner of the cheque that indicates crossed cheque.