A cancelled cheque is one in which two parallel lines are drawn across the layout which can be retained upon the demand of the customer from the bank or a copy of it by charging a minimal fee from the customer.
Some exceptions include reproduction of cheques or their retainment for five years including the cheque types maybe of $ 100 or less.
The moment cash is drawn , the bank immediately marks it as cancelled which means the payment has already been made using the cheque and cannot be further used again to withraw any additional amount using the same customer account.
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