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What are some of the penalties associated with paying or using a dud cheque?
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What is check number?
A unique number using which any cheque can be tracked. The cheque number on any cheque issued by a single bank will always be unique
How do you cash a crossed cheque with no account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
Who is a drawer in a check?
the person making out a cheque and using it for payments
What is account payee check?
A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
Which of the following is not a risk associated with using legal drugs without medical supervision?
Paying too much on the black market instead of getting a prescription
What is the process of clearing the cheque?
The process of clearing the cheque involves transfer of funds between banks using centralized check clearing houses.
When do you write a number in words rather than using digits?
a cheque
How do you realize the crossed check with out having any account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque
Define third party check?
Say Jack has a cheque from Bob, and Jack wants to pay walmart with that cheque...that would be a 3rd party check. Essentially it would be a cheque you are using (with the permission of who ever owns the cheque) to pay someone, so the owner of the cheque would be the 3rd party since they are outside of the acutal transaction betwen you and who ever you are paying. Hardly anywhere will accept a third party check because of the high risk of fraud. ---- If somebody gives you a check, and you turn it over and write "pay to the order of ____" in order to give it to a third party, that makes it a third party check. An example would be using your paycheck to pay for your groceries.
Why is a check called a kite?
It isn't. "Kiting a cheque" is slang for writing a bad cheque when there is no money in your account. A kite is made of paper and has nothing between it and the ground - a bad cheque is paper and has no money behind it - you can see the similarities that made people start using the term "kite" to mean "writing a bad cheque."
What is security cheque?
The cheque issued to drawee as security or surety, for using in case the drawer fails to meet the future obligations arising during course of business transactions. Such cheque is usually but not necessary; post dated cheque, blank as to date, blank as to amount, rarely blank as to drawee, but never blank as to signature.
How long does it take to ship a cheque from Ukraine to England?
It depends on the mail scorce your using
