0
the banker on whom a cheque is drawn or the banker who is required to pay the cheque drawn on him by a customer is called the paying banker or drawee bank
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Difference between collecting banker n paying banker?
When a check is written on a bank account, the banker at that particular bank is the paying banker. They are responsible for paying the check when a customer presents it for payment. A collecting banker collects the checks for his customers from a paying banker.
What is the Precautions to be taken by a paying banker?
precaution to be taken by a banker
Rights and duties of collecting and paying banker?
collecting banker defination,functions of a collecting banker
How much does a private banker make?
A private banker makes around 98,000 a year. This makes this job one of the higher paying jobs available today.
Statutory protection given to paying banker?
Statutory protection given to the paying banker is insurance against fraud for the depositors at a given bank. A member of the F.D.I.C. will insure the assets of a depositor up to a certain amount. Usually this amount is $50,000 or less depending on the type of deposit accounts affected.
Difference between collecting banker n paying banker?
When a check is written on a bank account, the banker at that particular bank is the paying banker. They are responsible for paying the check when a customer presents it for payment. A collecting banker collects the checks for his customers from a paying banker.
Paying banker vs collection banker?
you can get this answer from this link:shrinke.me/M0j6HD
What is the Precautions to be taken by a paying banker?
precaution to be taken by a banker
Rights and duties of collecting and paying banker?
collecting banker defination,functions of a collecting banker
What are Protection to a collecting banker and to a paying banker?
A collecting banker's protection consists of the check he collected is a crossed check, he collected the check only as an agent, and he collected it in good faith. For a paying banker, his protection is that the signature is verified and the check is genuine.
Who is a paying banker in relation to cheques?
The paying bank is the bank on which the check is written.
What is a collecting banker?
A collecting banker is one who undertakes to collect the amount of a cheques & bills for his customer from the paying banker. A banker is under no legal obligation to collect cheques drawn upon other banks for a customer. But this function is performed by every modern bank.
How much does a private banker make?
A private banker makes around 98,000 a year. This makes this job one of the higher paying jobs available today.
What is an investment Banker?
The investment banker is a financial specialist whoa acts as an intermediary in the selling of securities.
Statutory protection given to paying banker?
Statutory protection given to the paying banker is insurance against fraud for the depositors at a given bank. A member of the F.D.I.C. will insure the assets of a depositor up to a certain amount. Usually this amount is $50,000 or less depending on the type of deposit accounts affected.
What does argentarium mean in Latin?
Argentariam is the accusative plural or argentarius- meaning banker.
What are the precautions taken by a paying banker for honouring the cheque?
A banker wishing to pay or honor a check will first ask the payee for verification that the payee has an account with that bank. Then, they will ask for identification, usually a driver's license or picture identification card.
