if you stop payment because the funds are not available then yes it is.
Yes, by contacting your bank branch and request them to stop the payment of cheque, by giving them the cheque no. and telling the amount and the name favoured.
Stopping payment on a check without a valid reason could be considered a form of fraud and may be against the law, depending on the jurisdiction. It's important to ensure that you have a valid reason for stopping payment on a check and to follow proper procedures if you need to cancel a payment.
Once you drive the vehicle away from the dealership you have taken possession of it and cannot stop payment for any reason without committing fraud.
It could possibly be a felony depending on the size of the check. I've been served with an arrest warrant for stopping payment on a check before. It was for 750 dollars. It may be a misdemeanor or felony only if you stopped payment in an attempt to and with intent to commit criminal fraud upon the payee. Merely stopping payment on a check, even a post-dated check, is not a crime in and of itself. In other words there is no such crime as "stopping payment on a check." The crime is fraud, which may be perpetrated by stopping payment on a check.
I do not recommend stopping payment on a check you have wrote for a car. Doing a stop payment could be considered fraud and you might get put in jail for doing so. Even if you don't go to jail you will be liable for any expenses caused by you stopping payment on that check plus any other fines the court wants to place against you. If you have purchased a car and there is an issue of fraud on the part of the seller you can sue them in court. If you are the seller of a car that someone has stopped payment on a check they paid you with go to the local court and talk to them. There may be laws in your state that will protect you. If the court has no law protecting you then, you can sue the person who stopped payment and collect the money owed plus any expenses incurred because the payment did not clear the bank. Some states have laws in place that allow you to collect even more then the amount owed because they consider it fraud to do a stop payment on a transaction like this.
THis ain't no question.... why would you stop payment on a check anyway
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
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.
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.