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How can the IMF legally put a stop payment on a benefeciarys funds?
Wiki User
∙ 13y ago
They can't. The IMF is not a bank and has no jurisdiction in the conduct of normal
monetary transactions.
Wiki User
∙ 13y ago
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Is stop payment check a fraud?
if you stop payment because the funds are not available then yes it is.
Can a stop payment put on because funds are not available?
because..........
Can a stop payment be put on a check after it has been run through a bank account with insufficient funds?
No. A Stop Payment can be issued on a check only before it is being submitted for clearance. If the person to whom you have issued the check has not yet deposited it into his account or if you have lost the check itself, you can issue a stop payment on it. But, if the check has already been deposited and returned by the bank because of lack of funds, you cannot issue stop payment.
Who can stop payment of a cheque?
The person who issued the cheque can issue the stop payment on the cheque. As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check
Can you stop payment on any check?
As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check.
Can you make payment arrangements to pay a pay day loan and then stop payment on the check so you are not charged bank fees?
You will be charged bank fees for stopping payment on a check, but you might be able to talk to the bank to avoid fees for insufficient funds, if you somehow paid this same bill twice when you used online bill pay. You probably should pay the bank a visit so you understand the process better and they could help with the double payment. You cannot legally stop payment on a check that has been rendered to pay a valid debt. This is especially true of a pay day loan, as the lender includes in their agreement that any such action will result in the borrower being charged a large penalty fee. The best option is to make sure you have sufficient funds to cover the payment that has been rendered and try to work out a lesser payment agreement with them in the future.
What if you stop payment on a check due to the payee saying he lost the check but he cashed the check at a check cashing business after you stopped payment on the check what happens?
The check cashing business will be unable to recover the funds from your bank.
Can you put a stop payment on a check after it is cashed?
No. A stop payment can be issued only before the check payment is made by the bank. If you try a stop payment after the bank has paid for the check, the bank wont accept it because the stop payment instruction is useless now and cannot be executed.
Stop payment request letter plus sample needed?
Stop payment throught credit card
Stop payment on check to mechanic shop?
THis ain't no question.... why would you stop payment on a check anyway
Is a check for security deposit legally binding if other party cashes check?
Yes. A check is a legally binding monetary instrument where the issuer agrees to allow the receiver/check payee to cash the check anytime they want. However the receiver can choose to cash it or not. The check issuer can however issue a stop payment before the check is cashed but they cannot stop the receiver from cashing it or legally prosecute them for cashing it.
Can you stop payment on cashier?
No
