Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ The draw­er and any bear­er of a cheque may pro­hib­it pay­ment of the cheque in cash by ap­pend­ing the com­ment “ac­count pay­ee only” or a com­ment to that ef­fect di­ag­on­ally across the ob­verse of the cheque.

² In this case the drawee may hon­our the cheque only by cred­it­ing the amount to an ac­count (cred­it, trans­fer, deb­it set­tle­ment). The ac­count cred­it is deemed pay­ment.

³ Any de­le­tion of the com­ment “ac­count pay­ee only” is deemed not to have been done.

⁴ A drawee act­ing in con­tra­ven­tion of the above pro­vi­sions is li­able for any losses caused thereby, al­beit only up to the cheque amount.