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My cheque has been returned to me and stated" not signed according to mandate" What does this mean?
It means the cheque has not been signed with a signature that matches that which the bank holds for the account.
A crossed cheque can be 'opened' and cashed over the counter when the authorised signatories (right mandate) signs against the crossing. Signing against the crossing could be one of three things: 1. signing on top of the crossing, 2. signing in the crossing, 3. signing beneath the crossing. Note that the combination of mandate that originally signed the cheque must sign to 'open' it.
this is a cheque that was signed or issued but not brought in for cashing or presented to the bank.
A crossed cheque can be 'opened' and cashed over the counter when the authorised signatories (right mandate) signs against the crossing. Signing against the crossing could be one of three things: 1. signing on top of the crossing, 2. signing in the crossing, 3. signing beneath the crossing. Note that the combination of mandate that originally signed the cheque must sign to 'open' it.
six months
When either of the below happens: * Not enough funds in the account to pay the cheque * Signature of the cheque issuer does not match with the signature in the cheque * Cheque is expired (Date of cheque is before 6 months from date of deposit) * There are any over-writings in the cheque without being counter signed by the cheque issuer.
Some reasons are: * Insufficient funds in the cheque drawee account * Corrections/over writing in the cheque which is not counter signed by the cheque issuer * Signature of A/c holder not matching * Cheque expired (Beyond 6 months of date of issue)
A cheque is a piece of paper which has details of your bank account. Which when signed by you is an agreement by you to pay the person on whose name the cheque is drawn the amount mentioned on the cheque. Cheques are very common and convenient means of payment used by banks.
If you have written and signed this cheque and given it to someone to pay for something then, in most countries, it is not lawful to hold payment on the cheque. If you have a problem with what you have purchased then the law of contract or consumer protection laws are your recourse.
The essential elements of a cheque include the name of the bank, account payee, payee of whom the cheque is written to, date of the cheque, the payment amount written in words and numbers, serial number of the cheque, the bank state and branch code, and the account number. A signature must be signed at the bottom signature line for the payee to present the cheque.
Yes. It is safe to courier the cheque book if: a. the courier company is reputed and has a history of good conduct b. all Cheques are blank and none of them are signed If a cheque is signed, then it is not so safe to send it via courier.