Question

What is difference between bearer cheque and order cheque?

Answer 1

In bearer cheque, the word bearer is written before the name of payee..

In order cheque, the word order is written after the name of payee.



It can be transferred by mere dilevery..

Order cheque must be endorsed before the transfer.



Bearer cheque are not safe..

Order cheque are comparatively safe..




Bank is not liable if the payment of bearer cheque goes to another person.

Bank is liable in case order cheque

Answer 2

Bearer Cheque :-

♥ A Bearer Cheque is one which is payable to the presenter or bearer of the cheque .

♥ In case of a bearer cheque , no endorsement is required to encash it .

♥ The identity of the presenter of the cheque is not insisted by the banker .

Order Cheque :-

♥ An Order Cheque is, on the other hand, payable to a certain person or to his order .

♥ In case of an order cheque, it is transferable by endorsement and delivery .

♥ The cheque should be first endorsed and then be delivered to the person to whom it is endorsed .

Hope it helps !!

Shreya ❤