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The path is as follows:
- Bank A issues a cheque book to a customer A
- Customer A issues cheque to another person B to whom he owes money
- Person B deposits the cheque into his bank account B
- Bank B sends a request to Bank A reg. the cheque along with the amount
- Bank A confirms if Customer A has enough money for the cheque and pays Bank B
- Bank B receives the funds and credits it into Person B's account.
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∙ 13y ago
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How do you check a cheque?
To check a cheque, you must check if the cheque is checked by checking the checked cheque of checking a checked cheque as a checker.
When does a cheque bounce?
When either of the below happens: * Not enough funds in the account to pay the cheque * Signature of the cheque issuer does not match with the signature in the cheque * Cheque is expired (Date of cheque is before 6 months from date of deposit) * There are any over-writings in the cheque without being counter signed by the cheque issuer.
What is a CAS cheque?
cas cheque
What is a copy of a cheque called?
duplicate cheque
What is the function of a cheque butt?
Functions of a cheque
How do you check a cheque?
To check a cheque, you must check if the cheque is checked by checking the checked cheque of checking a checked cheque as a checker.
Difference between order cheque bearer cheque?
A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque
Is the correct grammar a cheque of or a cheque for?
cheque of is a right grammar!
Is a cheque also called a cheque leaf?
Yes. A Single cheque is also called a cheque leaf
When does a cheque bounce?
When either of the below happens: * Not enough funds in the account to pay the cheque * Signature of the cheque issuer does not match with the signature in the cheque * Cheque is expired (Date of cheque is before 6 months from date of deposit) * There are any over-writings in the cheque without being counter signed by the cheque issuer.
What is cheque leaf?
Cheque Leaf means s singhal cheque of your chequebook.
What is a CAS cheque?
cas cheque
What is honoured cheque?
honoured cheque
What is a countermanded cheque?
conutermanded cheque is the cheque which has been stoped payment....for some reasons
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 copy of a cheque called?
duplicate cheque
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
