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What does it means if a check is rejected saying not drawn on us?
Wiki User
∙ 10y ago
It primarily means that the Cheque has been presented to a wrong Branch of the Bank. For illustration :- It was supposed to be submitted on Branch "X", however, the same was presented for encashment at Branch"Y", therefore, the Branch "Y" will return the Cheque with a memo that the Cheque was notdrawn on us. It will not create any hurdle for the signatory of the Cheque as the same will be the mistake of the bearer of the Cheque, therefore, the same will not fall within the meaning of Bouncing Cheque.
Wiki User
∙ 10y ago
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What is another word for bounce check?
A bounce check is also known as a rejected check or a dishonored check. It all means one and the same. A check that was submitted for encashing has not been paid and the check is literally useless or worthless for the person who was paid using that check.
What does it means to deposit a check?
It means to take it to the bank and have them credit it to one of your accounts at that bank. If you receive cash for the check it is 'cashing a check.'
What is inward check?
Inward clearing means the cheques received by the bank from other banks.These - Inward clearing - cheques are the cheques drawn by the bank/branchcustomerson their account in favour of other parties. On receipt of the inward clearing, the cheques arepostedto the various accounts on which they are drawn - meaning the accounts of the cheque issuer or drawer with the bank is debited tothe accountand the payment is made to the bankpresentingthe cheque.
Who can certify a check?
Only the bank can certify a check, or someone at the bank. Usually, the bank will not certify a personal check, they will issue what is called a "certified check". A certified check is guaranteed to have available funds by the bank that certifies it. Certified means the funds are held aside. Anyone with a certified check made out to them can go to that bank and collect cash. In days of banking past, you could have a personal or business check certified by the bank, and they would stamp the check "certified" and hold the funds aside on that item. Now, the bank will just issue a certified check after taking the money from your account and the certified check will be drawn on the bank's account. This answer is for the U.S. banking system.
What does it mean to bounce a check?
the cheque is being returned(bounced back) by the bank for non-sufficient funds. To bounce back a check means to To bounce back a check means to
When a batch is rejected for rescanning Rejection Code D means in iPERMS?
Check Effective Date
Whose name means 'He was drawn out of water'?
Exodus 2:10 - And the child grew, and she brought him to Pharaoh's daughter, and he became her son. So she called his name Moses, saying, "Because I drew him out of the water." [NKJV]
What is inward check collection?
Inward clearing means the checks drawn by the bank from the other banks. These checks are drawn by the bank/branch customers on their account in favor of other parties.
What is another word for bounce check?
A bounce check is also known as a rejected check or a dishonored check. It all means one and the same. A check that was submitted for encashing has not been paid and the check is literally useless or worthless for the person who was paid using that check.
Light on my dashboard saying check something and i don't have a manual to tell what it means?
Not being psychic neither do I
When it says that Jesus was despised and rejected of men what does it means?
It means that His Own people rejected Him as their Messiah, & handed Him over to the Roman Govenor to be Crucified.
What is the difference between rejected and dejected?
Rejected is to be turned away, while dejected means to feel let down, sad, disappointed. Example sentence: Larry felt dejected after another college rejected his application to enter pre-law studies.
Does awaiting friend confirmation mean you are rejected?
No. It means that they confirmed you, which means they say yes.
What is the root word of rejected?
Rejected is derived from the Latin verb, jacere (which means to throw as in throw away or throw a spear.)
What word means drawn into wires?
not sure
What does spinal laminar appears preserved means?
The spinal laminar line is an imaginary line drawn on spine x-rays to check the alignment of the vertebra. If it is "preserved," that's a good thing.
Can a silver nose piercing be rejected by one's body?
it can be rejected but it isn't likely to happen. if you clean it regularly it shouldn't be rejected by any means. i don't know that much about silver and rejection. try using steel. :)
