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Cheques are convenient payment instruments that can be used instead of cash when settling for services and goods or receiving payments from other persons. They are also used as a reliable cash substitute when travelling.
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Bank cheques can be used for:
- settlement for goods and services with other private and legal persons established in Lithuania and abroad;
- effectuation of payments even if the payee's bank details are unknown.
The cheque issuer has the right to cancel its cheque at any time.
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