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Do all banks refuse to cash a check stamped without recourse?
Addiep
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∙ 14y ago
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Can a bank refuse to accept a check if the name of the issuing bank is not on the check?
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.
Will banks refuse payment of stale check presented through clearing?
Yes. They will refuse payment. No bank will actually cash a stale dated check. Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it.
Explain the role of banks in the economy?
The banks play a pivotal role in a country's economy. The economy of a country is bound to crumble down if the banks are closed indefinitely. The banks provide necessary impetus to growth by pumping finance to industrial sector,without which the production cannot accelerate which is vital for employment and overall growth of the economy. However, the responsibilities of private banks are limited and they are more inclined for augmenting their profit acceleration. Whereas the nationalized banks have their social responsibilities to lift the cottage and small industries sector by providing soft loans, without caring for their profit motivation.
What did the Federal Reserve refuse to do in order to keep a run on the banks from causing a failure of the US banking system?
The Fed refused to enact a tight monetary policy by tightening the monetary policy to stop inflation.
Why are banks necessary?
Banks are the financial intermediaries of the economy. Without them there will be no financial prosperity. Banks accept deposits from people who have surplus and lend out loans to people who need the money. They offer other services like bank accounts, credit cards etc.
Is Alabama a non recourse state?
As of 12/20/2012 Oklahoma is a Recourse State.
Can a bank refuse to accept a check if the name of the issuing bank is not on the check?
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.
Can you direct deposit your tax refund into a friend's bank account?
Yes and no. It is possible that it will be deposited into your friends account without an issue, however some banks will refuse it. Due to new banking laws account security is a concern and some banks really take it to the next level. The IRS will then mail you a check if it is rejected.
Are there any national banks that offer free checking without a minimum balance?
Several national banks offer free checking without a minimum balance. One of these is Bank of America.
where do you find a photo of tyra banks without makeup?
Photos of Tyra Banks without makeup can be found on many celebrity based websites. Complex, Crowd Ignite, and Huffington Post are just a few examples of websites with photos of Tyra Banks without makeup.
Do banks let you cash a check from their bank without an account?
Yes, they do.
Is Florida a nonrecourse state?
No, Florida is not a non-recourse state. If a mortgage is foreclosed in Florida, the lender may sue for any deficiencies between the amount of the loan still owed by the borrower and proceeds from the sale of the asset. This applies to mortgages, home equity loans, etc.
Will banks refuse payment of stale check presented through clearing?
Yes. They will refuse payment. No bank will actually cash a stale dated check. Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it.
Name two jobs that it would be impossible to perform without computers?
The banks
What is bank deregulation?
Bank deregulation is when banks are aloud to do what they want without government interference
Can you eat seeds in seed banks?
No. Seed banks are for preserving species in case of an emergency. Many are endangered and sometimes poisonous. You would get in trouble if you were to eat them without permission.
Explain the role of banks in the economy?
The banks play a pivotal role in a country's economy. The economy of a country is bound to crumble down if the banks are closed indefinitely. The banks provide necessary impetus to growth by pumping finance to industrial sector,without which the production cannot accelerate which is vital for employment and overall growth of the economy. However, the responsibilities of private banks are limited and they are more inclined for augmenting their profit acceleration. Whereas the nationalized banks have their social responsibilities to lift the cottage and small industries sector by providing soft loans, without caring for their profit motivation.
