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Can you just use the amount of the check to stop it from going through the bank?
Wiki User
∙ 13y ago
Yes. A check will not go through the bank if you don't have enough money in your account to honour it. So you can withdraw funds from your account and make your account balance less than the amount you have put in the check. This way the bank will reject the check and it won't go through the bank. However the bank will charge you a check bounce fee and the person to whom you gave the check can file a legal complaint against you and you can be jailed for doing this.
Wiki User
∙ 13y ago
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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.
How do you know when your cashier's check has been deposited?
First off, do NOT just go off of when the funds from the check show up in your bank account. This just means that the money has been made available for you to use, but if something should come up with the check while it is going through the clearing house the bank will come back to you for the full amount of the check. To know if a cashier's check is a valid check, you need to contact the bank that issued the check. Do NOT call a phone number listed on the check itself. This could be a counterfeit check, and if it is the phone number will not be valid. Look up the bank's phone number online or in the phone book, or better yet, take the check into the bank and tell them that you are looking to know if it is a valid check with funds in the account to cover the amount of the check.
If cashed a cashier check at the bank when can you get your full amount you deposit?
how long it take to receive your money from the cashier check you deposit in bank of America bank
What is the process a check goes through from the time its written to the time it is reconciled with your bank statement?
10 days if its an amount over 500 dollars
Can I check someone else's bank account balance to see if it will cover the amount of the check that they paid me?
Yes, just call the bank of issue, tell the to verify funds for the amount of the check. I do this all the time.
Cashier's check can it be paid out for a lower amount?
No. If you cash it at a currency exchange they may deduct a fee from the amount of the check. If you cash it at your bank but do not have enough money in your account/s to cover the amount of the check, your bank may decline to cash the check. Your best bet is to take it to the bank on which it was drawn. You will need to provide sufficient legal identification.
How long does it take for a cheque to clear?
As with any bank or financial institution, the amount of time it takes a cheque to clear depends on the amount of the check and what bank issued the check.
If the amount in the number box of a check differs from the amount written on the number line can a company legally process the check?
Yes. Companies or banks can process check for the legal amount, which would be the written amount. It is under the drawer's bank's discretion whether or not they will accept the check for payment. If they deny the check, the payee's bank will deduct that amount, along with any fees associated with that transaction.
What is check How payments made with cheques Explain with example?
A check is a paper, issued by a bank to the account owner. The account owner signs the check and places the amount that he needs to pay on the space provided for it and gives it as payment. Check payments are usually made for big purchases. This is to avoid the danger of carrying a large amount of cash in your purse, aside from the reason that it is more handy. For instance, you are going to buy a set of furniture for the office. You can issue a check, indicate the amount of money to be paid to whom or to what company, then sign it as proof. The company owner then brings it to the bank, deposits it and the bank transacts with your bank in transferring the amount of money from your account to the furniture company owner's account.
Would it be better to get a home loan through the bank or should I purchase a house through a realtor?
You need to check out both and see if they are reliable. The realtor is going to be a middleman unless he has the money to lend. He would have to get a loan and then loan that to you. Check the Better Business Bureau and see what the ratings are on both the bank and the realtor.
What is a bad check?
A bad check is a check written against a bank account with insufficient funds to pay the bearer the amount of the check.
How do you find out what your check amount was?
You have to go to your bank, give them the number of the check from your check stub, and tell them what date and to whom the check was written.
