Chq
Business & Finance abbreviation · Banking
| Stands for | Cheque |
|---|---|
| Categories | Business & Finance |
Chq stands for Cheque, a banking abbreviation.
Abbreviation for cheque used on bank statements, deposit slips and accounting records in the UK, Ireland, India, Australia and Canada. A cheque is a written order directing a bank to pay a specified sum from the writer's account.
Example: Statement line: Chq 100245, £450.00, presented 14 March.
Usage notes
"Cheque" is the British spelling; American English uses "check," abbreviated chk or ck. Cheque use has fallen sharply with digital payments, and UK banks now clear cheques using images, typically by the next working day. Indian cheques carry a MICR code that machines read during clearing.
Related abbreviations
More banking abbreviations
- CD – Certificate of deposit
- CDD – Customer due diligence
- CET1 – Common Equity Tier 1
- CFT – Countering the financing of terrorism
- CHAPS – Clearing House Automated Payment System
- CHIPS – Clearing House Interbank Payments System
- CIP – Customer identification program
- CRA – Community Reinvestment Act
- CRR – Cash reserve ratio
- CTR – Currency transaction report
- CU – Credit union
- CVV – Card verification value