What is an open cheque?

Answer

An open cheque is one which can be paid at the counter of a bank as soon as it is issued to the drawee bank. The only requirement by the bank is a proof of identity from the person who is cashing the cheque in order to ascertain that they are paying the correct person to whom the cheque was given.
Q&A Related to "What is an open cheque?"
Open cheque - An open cheque is one that can be taken to the bank that issued the cheque and converted to cash right away. The bank will ask proof of identity from the person cashing
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