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Does 011000138 cr payee acct lack end GTD bank of America mean the check was deposited in bank of America?
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∙ 9y ago
THEY CAN'T FIND THE CHECK
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What check does not require a payee?
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
Can you desposit a check is an account that's not my with my signiture?
It depends: a. If the check is in your name (As Payee) - then No. Such a check can only be deposited into your own bank account b. If the check is in someone elses name - then Yes, you can deposit such a check into the account of the person to whom the check is addressed.
If a person has a check dated on 1-4-2012 for 1000 dollars can we say that he has 1000 in his pocket now?
Technically the money is not in their pocket. The check must be deposited or cashed by the person it is written out to, or otherwise endorsed. If the payee does not cash or deposit the check, they cannot give it out like bills of currency. When the check is deposited, the money is taken out of the check writer's account and deposited to the person it is written out to. If you cash it instead, the institution gives you their money and takes money out of the check writer's account.
What a good business sentence for payee?
Tell me the name that is written in the payee section of the check in question.
Who is the payee on a check?
The person who is going to receive the funds from the check.
Who has the liability of endorsement on a deposited check?
The payee, who is the person the check is written to. If they don't sign the back of the check before they deposit it, then the bank the check is drawn on (where the person who wrote the check banks at) can return the check for up to 7 years after it is deposited into the payees account. If that happens, then the bank where the payee banks at (where the check was deposited) will usually debit your account for the amount of the check. Also, if a check is made out to more than one person and includes the word "and" between the persons names, then both must sign or it must be deposited into an account owned by all payees listed on the check and stamped by the bank. If the word "or" is between the names, then only one payee need sign it. If it is made payable to a business or trust, then it must go into a business or trust account. It cannot go into the personal account of the business owner or of a trustee.
What check does not require a payee?
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
Is the payee the owner of a bad check?
a payee is wait whats a payee
Can you desposit a check is an account that's not my with my signiture?
It depends: a. If the check is in your name (As Payee) - then No. Such a check can only be deposited into your own bank account b. If the check is in someone elses name - then Yes, you can deposit such a check into the account of the person to whom the check is addressed.
If a payee want to transfer a check to another party the payee would use?
payee can endorse the check in favour of another party and sign on the check
How do you use payee in a sentence?
I addressed the check to the payee.
What is the difference between payor and payee?
The payer is the person that is paying a sum of money to the payee. The payer signs the check and the payee is the person who cashes the check.
If a person has a check dated on 1-4-2012 for 1000 dollars can we say that he has 1000 in his pocket now?
Technically the money is not in their pocket. The check must be deposited or cashed by the person it is written out to, or otherwise endorsed. If the payee does not cash or deposit the check, they cannot give it out like bills of currency. When the check is deposited, the money is taken out of the check writer's account and deposited to the person it is written out to. If you cash it instead, the institution gives you their money and takes money out of the check writer's account.
What is a payee?
The payee is the one that receives a payment. On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account. On a promissory note he is the one who receives the money from the loan.
Difference between crossed check and account payee check?
Actually they both refer to the same. A crossed cheque is also called an account payee cheque. These types of cheques can only be deposited into an individuals bank account and will not be cashed over the counter. This is used to minimize misuse of cheque instruments in case of loss or theft. We can always track the destination account into which funds were deposited using our crossed cheque whereas in case of bearer cheques (the ones that aren't crossed and can be cashed over the counter) we cannot.
What is the procedure for cashing two payee check when one is out of state?
My bank told me to send check to person for endorsement and have the person send a copy of license to verify signature. When I deposited it was acceptable, the next day I got a call saying that it was rejected. Why did this happen?
What a good business sentence for payee?
Tell me the name that is written in the payee section of the check in question.
