In special crossing, the cheque bears across its face an addition of the banker’s name, with or without the words ‘not negotiable’. Learn more about the Bills of Exchange in detail here. The words ‘and Co.’ have no significance as such.īut, the words ‘not negotiable’ are significant as they restrict the negotiability and thus, in the case of transfer, the transferee will not give a title better than that of a transferor. Thus, in this case, the holder of the cheque or the payee will receive the payment only through a bank account and not over the counter. For the purpose of general crossing two transverse parallel lines at the corner of the cheque are necessary. In the case of general crossing on the cheque, the paying banker will pay money to any banker. In general crossing, the cheque bears across its face an addition of two parallel transverse lines and/or the addition of words ‘and Co.’ or ‘not negotiable’ between them. Let us learn about types of cheque crossing in greater detail.
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