0
Is the individual whose name appears after pay to the order of is known as the payee?
Wiki User
∙ 13y ago
yes!
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Can you change payee on money order?
No, the payee name on a money order cannot be changed after it has been filled out. A new money order will need to be purchased with the new payee's name.
Is the payee the owner of a bad check?
a payee is wait whats a payee
Who is the payee bank?
The bank receiving the money is the payee. The payee gets whatever from the payer.
What are the features of promissory note?
written unconditional promise debtor is maker certain sum payee is a certain person time copies order of payee parties stamps payment after delivery
On a promissory note who is the payee?
The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.
Can a money order be made out with two payees?
No, a money order cannot be made out with two payees. There needs to be one individual payee on each money order.
Can you change payee on money order?
No, the payee name on a money order cannot be changed after it has been filled out. A new money order will need to be purchased with the new payee's name.
If you purchase a money gram money order but already fill the money order out to someone else can you still be able to cash it with the stub?
If you endorse the line that reads "Purchaser," then you should be able to sign the back with the endorsement "NOT USED FOR PURPOSE INTENDED." This endorsement changes the Payee from whomever appears as Payee to the Purchaser.
What does account payee mean?
payee is the person whom the cheque, draft or money order is made out to.
What do you do if you signed the back of a money order?
It depends on who you are and who the money order was made payable to. If you signed the back and are the purchaser and not the payee you could try to take the money order to your bank, with the payee both with your IDs, and ask if they will cash it for the payee. You could also take it back where you purchased the money order and ask their help.
What is a lose payee and a mortgage payee?
In order to preserve the interest of the Lender, a lost payee clause is added onto the insurance policy. This indicates the list of people who are interested in the property but are not policy holders. This is similar to the mortgage payee clause between the owner and the buyer.
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.
Is a check from your job a Third Party Check?
A third party check is a check which is signed over to an individual not named on the front of the check as either the maker (entity writing the check) or the payee (to whom the check is payable). The payee signs the check over to another individual, who is the "third party."
Meaning of drawer and drawee of cheque?
The DRAWER is the individual who issues the cheque, instructing the bank (DRAWEE) to pay the recipient (PAYEE). Drawer and payee can be the same person if it is a self cheque.
Is the payee the owner of a bad check?
a payee is wait whats a payee
What is difference between payor and payee?
payee is the person who is to be paid payor is who pays to the payee
Who is the payee bank?
The bank receiving the money is the payee. The payee gets whatever from the payer.
