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A cheque which will be paid only by the drawee bank; on collection basis;
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∙ 9y ago
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Can a collection agency garnish your pay check?
No a collection aggency cannot garnish a pay cheque
What is bank check book?
A check/cheque book is a collection of cheque's. These cheques can be used to make payments to anyone. They are as good as cash (Provided there is cash in the cheque drawers account)
What is cheque book?
a cheque book is a collection of individual cheque leaf's. it may have 10 or 20 or even 50 cheques you can use these cheques to withdraw cash or make payments to others.
Can a cheque be cashed before date on cheque?
No. A cheque can be cashed only on or after the date mentioned on it
What is a sentence for. cheque?
She wrote a cheque to pay for her groceries at the store.
What is an uncredited cheque?
A treatment to uncredited cheque is only to querry it.
Differences between cross and open cheque?
A cross cheque means, the cheque can be deposited in account only, while an open cheque means, the the bearer can withdraw cash. Cross cheque means cheque amount only paid to bank account open cheque cash withdrawal by parties
How do you cash a crossed cheque with no account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
What is the effect of crossing a cheque?
Crossing a cheque can have various effects. Typically a cheque is crossed to indicate something about the way it is to be redeemed.
What is the treatment of uncredited cheque?
A treatment to uncredited cheque is only to querry it.
What is account payee check?
A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
Do the words account payee only exclude the transferability of the cheque?
No. It actually means that the cheque can be paid out only to a bank account and will not be paid out as cash to the person who has the cheque
