When you apply for a new cheque book, either by visiting the branch or online, you’ll be asked what type of cheque book you need. There are basically two kinds of it, a Bearer Cheque and an Order Cheque. If you don’t specify, or have no idea about these, generally, it’s the Order cheque books that banks’ provide.
Order cheques are more secure than Bearer cheques.
Bearer cheques will not have any name written on it, but just the amount authorized to withdraw. Any one in possession of the same can can produce it to the bank and withdraw the mentioned amount.
While on the other hand, Order cheques will require you to mention a person or a company’s name to whom you authorize the withdrawal of the amount mentioned. On producing this type of cheques, banks generally ask for ID proof of the producer, so that the money only go to right hands. You can make Order cheques more secure by crossing them. Crossing an order cheque means that the amount will be credited to the account of Name/company mentioned on the cheque; no cash will be given.