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Can i deposit a cheque that has cash written in the area where you put a persons name?
No. You can cash a check only if it has your name in the area where you put a persons name. Everything else in that place makes the check useless or rather worthless
Can you cash Bank Draft?
Sure. As long as the draft is issued in your name and has not expired, you can cash it. However if it has expired or was issued to someone else, you cannot cash it.
Can you cash a check that has had one name on then crossed out and then a different name on?
YES - If the cheque issuer has countersigned after the name alteration NO - If the cheque issuer has not counter signed after the name alteration Any modification in a negotiable instrument like a cheque has to be attested/countersigned by the issuer
What is the reason for intrument return in the check bounce?
A cheque may bounce if: a. The person trying to cash the cheque doe not have an account with the bank b. If the name on the cheque does not match the person trying to cash it c. If the cheque is expired (More than 90 days in the past) d. If the signature on the cheque does not match the signature of the person who issued the cheque e. If there is not enough funds in the bank account to pay for the cheque
Can you cash a cheque for a friend?
You can have them sign it over to you via writing pay to the order of (your name) with their signature underneath. Then you sign your name and can deposit it into your bank account and give them the cash. But you can't cash it for them even if you have their ID with you.
Can i deposit a cheque that has cash written in the area where you put a persons name?
No. You can cash a check only if it has your name in the area where you put a persons name. Everything else in that place makes the check useless or rather worthless
Can you deposit a cheque in your name into someone elses account?
If you endorse it as payable to them it will usually be accepted for deposit into someone else's account.
What will the Journal entry for cheque received from someone and deposited into bank some other day?
cash A/c..................... Dr.. To Party's Name A/c................... Cr..
Cashing a cheque from a bank in someone elses name?
It is called Forgery. You are not supposed cash a checks that belongs to someone else. The affected party (The person whose check you cashed) can sue you legally and you can be jailed for committing this forgery. In short, you'll end up behind bars if you happen to do this.
How can you cash a cheque from tax made out in your dissolved business name?
how to cash a check made to a company that has been dissolved
Can you cash Bank Draft?
Sure. As long as the draft is issued in your name and has not expired, you can cash it. However if it has expired or was issued to someone else, you cannot cash it.
Can you cash a check that has had one name on then crossed out and then a different name on?
YES - If the cheque issuer has countersigned after the name alteration NO - If the cheque issuer has not counter signed after the name alteration Any modification in a negotiable instrument like a cheque has to be attested/countersigned by the issuer
What is the reason for intrument return in the check bounce?
A cheque may bounce if: a. The person trying to cash the cheque doe not have an account with the bank b. If the name on the cheque does not match the person trying to cash it c. If the cheque is expired (More than 90 days in the past) d. If the signature on the cheque does not match the signature of the person who issued the cheque e. If there is not enough funds in the bank account to pay for the cheque
Why a bank may refuse an account payee only check?
A bank may refuse to accept an account payee cheque if: a. The person trying to cash the cheque doe not have an account with the bank b. If the name on the cheque does not match the person trying to cash it c. If the cheque is expired (More than 90 days in the past) d. If the signature on the cheque does not match the signature of the person who issued the cheque
Why a bank may refuse to accept an 'account payee only'cheque?
A bank may refuse to accept an account payee cheque if: a. The person trying to cash the cheque doe not have an account with the bank b. If the name on the cheque does not match the person trying to cash it c. If the cheque is expired (More than 90 days in the past) d. If the signature on the cheque does not match the signature of the person who issued the cheque
Why should cheques be marked 'not negotiable?
A cheque being merely non-negotiable would not stop you cashing it. It only means the cheque cannot be presented by anyone other than the payee. However, it's also likely to be "crossed" and marked "A/c Payee" or "A/c Payee Only". Most cheque books are now printed this way. A crossed cheque can only be paid into a bank account and cannot be cashed over the counter. If the cheque is crossed AND marked non-negotiable it cannot be cashed would have to be paid into an bank account in your name. It would be worthless to anyone else so prevents someone else cashing the cheque for you - i.e. giving you the cash and putting in their own bank account .
Can you cash a cheque for a friend?
You can have them sign it over to you via writing pay to the order of (your name) with their signature underneath. Then you sign your name and can deposit it into your bank account and give them the cash. But you can't cash it for them even if you have their ID with you.
