An Account Payee Cheque is a cheque that can be credited only to the bank account of the person or organization named on the cheque. It cannot be encashed over the counter. How to identify:- Two parallel lines on the top left corner of the cheque Words written between the lines: “A/C Payee”, “Account Payee Only”, or “A/C Payee Only” Example: If a cheque is issued to “M/s ABC Pvt. Ltd.” and marked A/C Payee, the amount will be credited only to that firm’s bank account—not to any individual. #acco