It depends:
1. Yes it is Illegal if - you owe someone money and used the check to pay them for that. If you issue a stop payment the check will not be paid and the person to whom you issued this check can legally sue you for that
2. No it is not Illegal if - you have lost the check and want to ensure that whoever finds it cannot cash it without your approval
Yes. It is perfectly legal for the person who issued the check to put a stop payment on it. However, if the check was issued to pay for some goods or services offered by someone or for a loan, the receiving entity also has a legal claim and hence can file a police complaint against you for not making the payment. So, you need to talk to the person to whom you gave the check to settle the amount amicably before you issue the stop payment.
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.
Being able to place a stop payment on a cashier's check depends on the bank. If the cashier's check has been lost or stolen the bank may place a stop payment on it.
you can place a stop payment on a check right after you write the check if you want to pay the fee
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
It is legal to do so as long as the reason for writing the check in the first place was not fraudulent, and as long as you promptly take other means to make good on the payment.
The person who placed the stop payment on the check is responsible for any fees associated with stopping the payment. The check recipient might also have to pay fees if they try to cash or deposit the stopped check. Ultimately, the responsibility for resolving any issues related to the stopped check lies with the account holder who placed the stop payment.
Yes. It is perfectly legal for the person who issued the check to put a stop payment on it. However, if the check was issued to pay for some goods or services offered by someone or for a loan, the receiving entity also has a legal claim and hence can file a police complaint against you for not making the payment. So, you need to talk to the person to whom you gave the check to settle the amount amicably before you issue the stop payment.
Yes, you can do a stop payment. However, the bank where you issue the stop payment will charge a fee for doing so. Plus, the person to whom you gave the check can sue you for non-payment of money and file a legal complaint against you to the police. This can cause you to be arrested.
Certainly, although to do so could place you in serious legal difficulties.
THis ain't no question.... why would you stop payment on a check anyway
In the United States, a stop payment on a check is a request made by the account holder to their bank to not honor a specific check that has been issued. The account holder typically needs to provide specific information about the check, such as the check number and the amount. Stop payment orders are usually subject to a fee and must be made within a specific timeframe before the check 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.
Being able to place a stop payment on a cashier's check depends on the bank. If the cashier's check has been lost or stolen the bank may place a stop payment on it.
if you stop payment because the funds are not available then yes it is.
you can place a stop payment on a check right after you write the check if you want to pay the fee
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