depends if you have a checking account. but no, if it's only saving account.
Yes. You can visit your bank branch, show your identity proof and then withdraw cash using the cash withdrawal slip. However for that you need to know your bank account number. If you don't know your account number, then you cannot withdraw cash.
yes maybe no
Below are the expected time durations... * Local cheque - Same bank - One working day * Local cheque - different bank - 2 to 3 working days * Outstation cheque - Same bank - 3 to 7 working days * Outstation cheque - different bank - 7 to 10 working days Note: These are rough figures. The actual number of days needed to receive the payment may actually be lesser or greater than the number mentioned here.
You cannot encash an ac payee cheque directly. you need to deposit in your account and then You need to wait for a day or two as per the banks working schedule to receive the cash. It usually takes 2 working days for a local cheque. If it is a cheque from the same bank it may happen in 1 working day
CAsh can be lost or stolen, while a cheque is safe as you only fill it out when needed and need an ID card to cash or use it.
Yes. You can visit your bank branch, show your identity proof and then withdraw cash using the cash withdrawal slip. However for that you need to know your bank account number. If you don't know your account number, then you cannot withdraw cash.
yes maybe no
It is best to cash a cheque at your personal bank to avoid fees. If you do not have a personal account with any banks, then go to the bank that the cheque was issued from. Make sure the cheque is not over 6 months old. You will need to bring a current I.D. You will endorse the back of the cheque and give it to the teller.
Yes, the Bank may need notice to ensure they have the cash available, and of course you must have the money in your account in order to withdraw it.
Below are the expected time durations... * Local cheque - Same bank - One working day * Local cheque - different bank - 2 to 3 working days * Outstation cheque - Same bank - 3 to 7 working days * Outstation cheque - different bank - 7 to 10 working days Note: These are rough figures. The actual number of days needed to receive the payment may actually be lesser or greater than the number mentioned here.
You cannot encash an ac payee cheque directly. you need to deposit in your account and then You need to wait for a day or two as per the banks working schedule to receive the cash. It usually takes 2 working days for a local cheque. If it is a cheque from the same bank it may happen in 1 working day
People no longer need to make a trip to the bank and stand in queue to withdraw cashPeople no longer need to worry about holidays and working hours to withdraw cash. They can do it on any day, anytime
Actually speaking - Anywhere. A check can be deposited into any bank account across the globe. For ex: if i give you a cheque from Citibank, the bank in which you deposit the check will send it to citi bank for payment and then remit the proceedings to your account. If you want cash immediately, then you need to visit any citi bank branch in the country where the check was issued to you and collect the same.
There is a daily limit of withdrawing cash from your account using an ATM - usually £400. You can withdraw ANY amount over the counter in your bank BUT to withdraw large amounts (over £10,000 say) you need to give the bank a few days notice - as it may not normal practice to have that much money on the premises.
CAsh can be lost or stolen, while a cheque is safe as you only fill it out when needed and need an ID card to cash or use it.
You can sign your cheque over to a trusted friend or family member who can cash it for you, however, it is to your own benefit for you to obtain a photo ID this way you can go to a bank and open a proper account which you will need in your life time it is essential that when you are employed this is how you are going to get paid, by either a cheque or direct deposit into your bank account.,
a bearer cheque means a cheque which can be encashed across the counter of the bank branch on which it is issued and no need of depositing it into account.