Contributions to the trust funds may be made by bank transfer or by cheque.
Electronic payment transfer continued to gain popularity in India and like other countries this caused a subsequent reduction in volumes of cheques issued each year.
Alternatively, cheques may be recorded with carbon paper behind each cheque, in ledger sheets between cheques or at the back of a chequebook, or in a completely separate transaction register that comes with a chequebook.
Cheque volumes continued to grow; in the late 20th century, cheques were the most popular non- cash method for making payments, with billions of them processed each year.In an increasing number of countries cheques have either become a marginal payment system or have been completely phased out."2013 Federal Reserve Payments Study".Retrieved b "Uniform Commercial Code 4-404".The vast majority of retailers in the United Kingdom and many in France have not accepted cheques as a means of payment for several years, and cheque guarantee cards are no longer issued.A drawer may also issue a stop on a cheque, instructing the financial institution not to honour a particular cheque.Retrieved olden, Lewis (2009).
Archived from the original (PDF) on Retrieved 6 January 1 maint: Archived copy as title ( link ) "Cheque photo plan gets the go-ahead".In using a cheque, the onus is on the payee to initiate the payment, whereas with a giro transfer, the onus is on the payer to effect the payment (The writer of a paper cheque is pushing on a rope: he cannot force money out.Crossing cheques basically ensures that the money is paid into an account preparation oral concours agent de maitrise territorial of the intended beneficiary of the cheque.This opened the way for the first automated reader/sorting machines for clearing cheques.Id155 Durant, Will (1944).This meant that the payee no longer had to go to the bank that issued the cheque, instead they could deposit it at their own bank or any other banks and the cheque would be routed back to the originating bank and funds transferred.Aboul-nasr said that bank payments in foreign currency posed a problem for him in his country and that payment by cheque would be preferable.Bagagerie, sacoches, sacs et bagagerie, tout voir, accessoires.For additional protection, a cheque can be crossed, which restricts the use of the cheque so that the funds must be paid into a bank account.If the cheque is crossed with the words 'Account Payee' or similar then the cheque can only be paid into the bank account of the person initially named as the payee, thus it cannot be endorsed to a different payee.
In the US, at the top (when cheque oriented vertically) of the reverse side of the cheque, there are usually one or more blank lines labelled something like "Endorse here".