a payee is wait whats a payee
The payer is the person that is paying a sum of money to the payee. The payer signs the check and the payee is the person who cashes the check.
To transfer a check to another person you can sign the back and have them sign the back, as well. Once they sign the check, it is their check.
You cannot generally change the payee on a cashiers check without it looking like fraud. Contact the issuer of the cashier's check in order to void the check and reissue.
Payee
The payee
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
Yes, the payee received the funds from the bad check and is responsible for returning those funds to the check cashing facility. The payee can then seek restitution from the maker for the funds from the check plus any fees, etc. they paid.
payee can endorse the check in favour of another party and sign on the check
I addressed the check to the payee.
The payer is the person that is paying a sum of money to the payee. The payer signs the check and the payee is the person who cashes the check.
Pennsylvania. Upon written demand from payee following conviction for passing a bad check and failure to make restitution, the payee upon obtaining civil judgment is entitled to an amount equal to $100 or treble the amount for which the check is drawn, whichever is greater, not to exceed by more than $500 the value of the check
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.
The payee (person who received the money from the check cashing service) is responsible to the check cashing service for the bad check. They must repay the money and any fees associated with the check return. However, the maker (person who wrote the check originally) is responsible to the payee for providing an alternate form of payment for the amount of the check, and may also be liable for any fees associated with the check's return that the payee had to pay to the check cashing service. So, in short: The person who received the money from the check cashing service repays the service The person who originally issued/wrote the bad check is still responsible for paying the person to whom he gave the bad check.
Tell me the name that is written in the payee section of the check in question.
The person who is going to receive the funds from the check.
payee
Payee