Yes. They can do that if:
The bank cannot do that. Any customer of the bank who wants to deposit a bank draft into their account can do that. A bank cannot refuse to accept a customer's draft for deposit. You have the right to deposit it with any bank that you have an account with (unless it is a fake draft).
A Certified Bank Draft refers to a Demand Draft that is signed/certified by an authorized bank official. It means that the Demand Draft is a valid monetary instrument and the money value mentioned in the draft would be paid by the issuing bank to the customer anytime in the near future (3 months before which the Draft expires) and there is no way the bank can refuse payment on it.
Is this a hypothetical question or are you aware of a bank that actually does not print its name on its checks? Banks can refuse to accept checks they believe to be counterfeit, and a check without the name of the issuing bank on it sure sounds like it might be counterfeit to me.
A Demand Draft can be cancelled by the person who took it provided it has not yet been encashed. You need to visit the bank branch where you took the draft and submit a request in writing, asking them to cancel the draft and refund the money. The bank will accept the request if the draft isn't encashed yet and then cancel the draft and refund the money. The bank may or may not charge you a fee for doing so.
A Demand Draft can be cancelled by the person who took it provided it has not yet been encashed. You need to visit the bank branch where you took the draft and submit a request in writing, asking them to cancel the draft and refund the money. The bank will accept the request if the draft isn't encashed yet and then cancel the draft and refund the money. The bank may or may not charge you a fee for doing so.
The bank cannot do that. Any customer of the bank who wants to deposit a bank draft into their account can do that. A bank cannot refuse to accept a customer's draft for deposit. You have the right to deposit it with any bank that you have an account with (unless it is a fake draft).
A Certified Bank Draft refers to a Demand Draft that is signed/certified by an authorized bank official. It means that the Demand Draft is a valid monetary instrument and the money value mentioned in the draft would be paid by the issuing bank to the customer anytime in the near future (3 months before which the Draft expires) and there is no way the bank can refuse payment on it.
A Certified Bank Draft refers to a Demand Draft that is signed/certified by an authorized bank official. It means that the Demand Draft is a valid monetary instrument and the money value mentioned in the draft would be paid by the issuing bank to the customer anytime in the near future (3 months before which the Draft expires) and there is no way the bank can refuse payment on it.
Is this a hypothetical question or are you aware of a bank that actually does not print its name on its checks? Banks can refuse to accept checks they believe to be counterfeit, and a check without the name of the issuing bank on it sure sounds like it might be counterfeit to me.
A Demand Draft can be cancelled by the person who took it provided it has not yet been encashed. You need to visit the bank branch where you took the draft and submit a request in writing, asking them to cancel the draft and refund the money. The bank will accept the request if the draft isn't encashed yet and then cancel the draft and refund the money. The bank may or may not charge you a fee for doing so.
DRAFT CHEck
A Demand Draft can be cancelled by the person who took it provided it has not yet been encashed. You need to visit the bank branch where you took the draft and submit a request in writing, asking them to cancel the draft and refund the money. The bank will accept the request if the draft isn't encashed yet and then cancel the draft and refund the money. The bank may or may not charge you a fee for doing so.
No, the "Pay to the order of" line can be left blank. When you present the check at the bank that line must have been filled in or the bank will not cash it. It is common to leave that line blank when the vendor has a rubber stamp with their name. They will stamp it after you sign it. You can accept a check that somebody signs over to you. They would endorse the back after writing Pay to the order of "you". When you present that at the bank, the bank will ask you to endorse the check below the other party's endorsement. The bank will probably not cash it immediately unless you have sufficient funds in your account to cover the check. Some banks will refuse to accept a check that has been signed over.
A Demand Draft can be cancelled by the person who took it provided it has not yet been encashed. You need to visit the bank branch where you took the draft and submit a request in writing, asking them to cancel the draft and refund the money. The bank will accept the request if the draft isn't encashed yet and then cancel the draft and refund the money. The bank may or may not charge you a fee for doing so
A Demand Draft can be cancelled by the person who took it provided it has not yet been encashed. You need to visit the bank branch where you took the draft and submit a request in writing, asking them to cancel the draft and refund the money. The bank will accept the request if the draft isn't encashed yet and then cancel the draft and refund the money. The bank may or may not charge you a fee for doing so.
Bank endorsement signifies guarantee that the bank stands behind the obligation of accepting the check for deposit to the account of the depositor.
how do you the money from the bank draft?