A cleared check is one for which the money due by means of the check has already been paid to the payee. So a stop cannot be placed on it because, the funds have already been paid out and the bank cannot reclaim the funds paid out for a check.
If I write check on deposits not cleared by bank, it will in all probability get dishonored with the remark 'Insufficient fund' and a charge will be deducted from my account by the bank. However, I can intimate my banker prior to issuing the check that my deposits are not yet cleared and that the check may kindly be honored without refusal of payment.The above intimation has to be earmarked in the books of a/c. of the bank to prevent embarasing situation.
Yes
1,205.89
With the current electronics, checks can be cleared almost immediately. There is little opportunity to 'kite' a check as there was in the past. You need to make sure the money is in the bank before you write the check.
yes many times a bank will indicate that a check is cleared and later the check will come back from the other bank stating that it was not a good check or NSFs. Unfortunaetly there are some banks that will show a check as cleared even before it has as a customer courtesy
An outstanding check.
You can check by phoning your bank.
A check authorizes a transfer of funds, usually from one bank account to a different bank account (although checks can also be cashed, in which case the funds transfer from one bank account to cash). Once this transfer has taken place, the check is said to have cleared. If the check has not yet cleared, then it is said to be outstanding.
check bounce is when you do not have sufficient balance in your account and check not cleared is when the process is delayed on either end due to some problems
if the check was made out to a company that is now being investigated, can it be stopped if it has not cleared the bank or if it has cleared the bank is there a 30,60 or 90 day rule?
A cleared check is one for which the money due by means of the check has already been paid to the payee. So a stop cannot be placed on it because, the funds have already been paid out and the bank cannot reclaim the funds paid out for a check.
promise to pay
48hours
The total amount of outstanding checks is 64.22 is arises as a result of adding the amount of checks 1111, 1112 and 1113 which have not cleared.
I don't think so, but I could b rong
Many cars will keep a history of any codes that have been tripped since the last time the codes were cleared. Once codes are cleared by a scanner they are erased permenantly.