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He or she is known as an accountant.
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Who is the payer of a check?
The Payer of a check is the person who is paying money for the check. That is the person who has issued the check. For ex: I owe you $1000 and I give you a check for it from my bank account, I become the payer of the check and you will become the payee.
Can you deposit someone else's check in your account?
You can deposit someone else's check in your account if they sign it over to you. They need to endorse it over to the person they wish to have it and sign underneath.
How can you cash a check that is not on your name?
You cannot. A check can be cashed only by the person to whom it is issued. He can either cash it directly or deposit the check into the account that is fully or jointly held by the person to whom the check is issued.
Can you deposit your cheque in to your parents account?
It depends: a. Yes - If you are joint holder of the account along with your parents then you can deposit it into that account b. No - If you are not a joint holder of the account along with your parents, then you cannot deposit it into that account. A check can be deposited only into an account that is held by the person on whose name the check is issued.
What does refer to drawer mean?
It usually means that when you cashed a check it was not honored because the person did not have enough money in their account to cover the check. You should get with the person that wrote you the check to get your money by some other means.
Are checks written by a depositor and paid by the bank?
Yes, a person with a bank account (a depositor) can write a check against that account for a sum of money. The person given the check (who the check is made out to) then presents it to their bank and the banks between them move the money from the account of the person who wrote the check to the account of the person who was given the check.
Is it forgery if a spouse writes a check out of a single account?
It depends: a. No - If the spouse writes a check out of a single account held by the person writing the check b. Yes - If the spouse writes a check out of a single account that is held by their spouse and the person writing the check is not a joint owner of the account. To be simple: Writing a check from an account that is not held by the person writing the check is a crime.
What if you write a check to yourself on a closed account to another account?
Then you are commiting a crime known as check kiting.
Can you cash a check from the bank that the person who issued the check it to you without opening an account?
I am receiving a check from a lawyer and it has been in his account for ten days can I cash it at the bank he has the account at
Does the account holder have to be present when writing a personal check to a person and cashing it?
The account holder does not need to be present when the check is cashed.
Can you cash a check from a deceased person?
As long as there are enough funds in the account that the check is being drawn from to cover the amount of said check and that YOU would have the legal right to withdraw funds from that account. Yes.
Can you desposit a check is an account that's not my with my signiture?
It depends: a. If the check is in your name (As Payee) - then No. Such a check can only be deposited into your own bank account b. If the check is in someone elses name - then Yes, you can deposit such a check into the account of the person to whom the check is addressed.
Is it possible to deposit SSS check into any other bank?
A person can deposit a SS check in an account as long as the account is in your name. The check also has to be in your name.
What does oao mean when it is written on a government check for a deceased person?
On Account Of
How does a check go through the banking process from the time it is written to the time it is reconciled with your bank statement?
The first step in the process of how a check goes through the banking process from the time it is written to the time it is reconciled with your bank statement is that the recipient lodges the check into their bank account. The bank then has to clear the check with the bank that the check is from, known as check clearing. This process can take a few days. The recipients' account is credited with the amount that the check was written for and the account of the person who wrote the check is debited for the same amount.
Who is the payer of a check?
The Payer of a check is the person who is paying money for the check. That is the person who has issued the check. For ex: I owe you $1000 and I give you a check for it from my bank account, I become the payer of the check and you will become the payee.
How is a check cleared?
Below are the steps involved in the check clearing process. 1. Person A issues a check from Bank X to Person B 2. Person B deposits the check into his account with Bank Y 3. Bank Y Accepts the check and sends it to Bank X for verification 4. Bank X verifies the accuracy and legitimacy of the check including the signature and releases payment to Bank Y if person A has enough balance in his account to honor the check payment 5. Bank Y accepts the payment and credits it into the account of Person B
