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Yeah while withdrawing cash using our own cheque. During this we are both the payee and the payer.
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∙ 15y ago
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On a promissory note who is the payee?
The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.
What is difference between payor and payee?
payee is the person who is to be paid payor is who pays to the payee
What is Payee in banking transaction?
A payee is a person who will receive the funds.
What is the difference between payor and payee?
The payer is the person that is paying a sum of money to the payee. The payer signs the check and the payee is the person who cashes the check.
What check does not require a payee?
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
What is a payee?
The payee is the one that receives a payment. On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account. On a promissory note he is the one who receives the money from the loan.
Can you become your own payee while in anothen state?
once in another state do i have to have a payee
A person to whom A cheque is made out ARE called?
payee
What does account payee mean?
payee is the person whom the cheque, draft or money order is made out to.
Check has endorsement of payee do we have to sign?
depends. If you are recieving the money or someone else is. Payee is the person to which the cheque is being recieved, they are the once getting paid, hence the payee. The person paying is the payer. Endorsement of payee requires only the signature of whom is getting paid
A person whom a check is written?
Payee
What do you call a person who you pay money to?
A payee.
