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Asked in Banking
Difference between collecting banker n paying banker?
When a check is written on a bank account, the banker at that particular bank is the paying banker. They are responsible for paying the check when a customer presents it for payment. A collecting banker collects the checks for his customers from a paying banker. ...
Asked in Banking, Economics, NAACP, Reserve Bank of India
What is a collecting banker?
A collecting banker is one who undertakes to collect the amount of a cheques & bills for his customer from the paying banker. A banker is under no legal obligation to collect cheques drawn upon other banks for a customer. But this function is performed by every modern bank. ...
Asked in Reserve Bank of India
What are Protection to a collecting banker and to a paying banker?
A collecting banker's protection consists of the check he collected is a crossed check, he collected the check only as an agent, and he collected it in good faith. For a paying banker, his protection is that the signature is verified and the check is genuine. ...
Asked in Monopoly (game)
What are the duties of the Banker in the game of Monopoly?
The banker in the game of monopoly is the person who dishes out the cash when you pass GO or somebody lands on a street that you own. The banker controls the money. ...
What are the duties and responsibilities of a banker?
A banker is tasked with the management of a customer's money. This may include negotiation with other investment firms, giving financial advice and submitting forms for transactions. ...
Duties of auditor?
The duties of an auditor may vary depending on the company but there are some basic duties that include collecting and analyzing data to determine the financial status. Other duties include preparing financial reports, inspecting company books, and evaluating financial systems. ...
Asked in Business Finance
What is a commercial assistant what do they do?
some duties are for collecting information, sales and collecting bills. same as commercial assistant duties are to encourage sales by going door to door. for Example the duty of a commercial assistant in a Electric power supply company is to go to door to check the bill payment status. ...
Asked in Debt Collection, Banking, US Constitution
What are the Duties of a collecting banker?
One of the important functions of a modern banker is to collect cheques and bills on behalf of his customers. While doing so the collecting banker has to act with responsibility towards his customers. For example, a banker should give adequate care and act quickly to protect the interests of his customer. A banker will get protection only when he acts in good faith and without negligence. While undertaking the function of collection of cheques, a banker may act either as (1) a holder...
Asked in Investment Banking
Explain the rights and duties of a banker?
DUTIES tO ACCEPT THE CHEQUES OF THE CUSTOMER TO KEEP THE PROPERTY OF THE DEPOSITOR SAFELY TO BE CONFIDENTIAL WHEN DEALING WITH THE CLIENT TO CORRECT ANY DESCRIPANCIES ON THE CUSTOMER'S ACCOUNT TO OBEY ANY STANDING ORDERType your answer here... ...
Asked in NCAA College Basketball
Duties of a high school basketball manager?
Duties vary from team to team. My duties were things like running the clock at practice, rebounding for the team players, handing out water bottles and towels at games, filming games, collecting warm-up outfits, collecting basketballs, pulling out basketball cart, setting up clock for games, and making sure everything for away games was on the bus. ...
Why is it important to be aware of your rights as well as your duties?
It is important to be aware of your rights so your government can't violate them as easily. Your duties are also important; it is unfair to everybody else if a person sits around all day collecting unemployment. ...