Overview

Cheques Act 1992


Related Overviews

 

'Cheques Act 1992' can also refer to...

 

More Like This

Show all results sharing this subject:

  • Financial Institutions and Services

GO

Show Summary Details

Quick Reference

A UK Act of Parliament that gives legal force to the words ‘account payee only’ on cheques, making them non-transferable and thus stopping fraudulent conversion of cheques intercepted by a third party. Banks require the express permission of a customer to cash an endorsed cheque. Within weeks of the legislation most High-Street banks introduced new cheque books with the words ‘account payee’ printed on each cheque.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.