A cleared check is one for which the money due by means of the check has already been paid to the payee. So a stop cannot be placed on it because, the funds have already been paid out and the bank cannot reclaim the funds paid out for a check.
yes a stop payment on a check will remain permanently once the bank places it
If I write check on deposits not cleared by bank, it will in all probability get dishonored with the remark 'Insufficient fund' and a charge will be deducted from my account by the bank. However, I can intimate my banker prior to issuing the check that my deposits are not yet cleared and that the check may kindly be honored without refusal of payment.The above intimation has to be earmarked in the books of a/c. of the bank to prevent embarasing situation.
Yes
1,205.89
With the current electronics, checks can be cleared almost immediately. There is little opportunity to 'kite' a check as there was in the past. You need to make sure the money is in the bank before you write the check.
A cleared check is one for which the money due by means of the check has already been paid to the payee. So a stop or freeze cannot be placed on it because, the funds have already been paid out and the bank cannot reclaim the funds paid out for a check.
I don't think so, but I could b rong
if the check was made out to a company that is now being investigated, can it be stopped if it has not cleared the bank or if it has cleared the bank is there a 30,60 or 90 day rule?
yes a stop payment on a check will remain permanently once the bank places it
The person who placed the stop payment on the check is responsible for any fees associated with stopping the payment. The check recipient might also have to pay fees if they try to cash or deposit the stopped check. Ultimately, the responsibility for resolving any issues related to the stopped check lies with the account holder who placed the stop payment.
yes many times a bank will indicate that a check is cleared and later the check will come back from the other bank stating that it was not a good check or NSFs. Unfortunaetly there are some banks that will show a check as cleared even before it has as a customer courtesy
An outstanding check.
You can check by phoning your bank.
check bounce is when you do not have sufficient balance in your account and check not cleared is when the process is delayed on either end due to some problems
promise to pay
48hours
The total amount of outstanding checks is 64.22 is arises as a result of adding the amount of checks 1111, 1112 and 1113 which have not cleared.