Bearer Cheque meaning: How to draw Bearer Cheque and it’s benefit

Bearer Cheque meaning: The word ” Bearer” itself means the possessor. Payment of Bearer cheque is made to the bearer of that cheque or the person who presents it at the cash counter. Whosoever finds this cheque can get it encashed on the bank counter. It is advisable to issue bearer cheque only when the payee is well known to you or trustworthy.