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What else can I help you with?
Can a cashiers check be cashed by the remitter if it has been made out for the wrong amount?
It is possible but does depend upon the policies of the issuing bank. The check can be negotiated by the remitter, however, the remitter's bank may not allow them to exchange the check for cash - they may require it be deposited bank into the remitter's account. The remitter would have access to the funds per that bank's funds availability policy, but no later than the next day in most cases.
Who is remitter?
the person making the payment
Does a regular check need a remitter?
No
What does remitter means on official check?
A remitter on an official check refers to the individual or entity that issues or authorizes the payment. This person or organization is responsible for the funds and is typically named on the check as the party who is making the payment. The remitter's information is important for tracking and verifying the source of the funds.
Who is the remitter on a cashiers check?
the person who is making the check.
What is postage rate from Cancun Mexico to US?
It depends on destination and remitter.
What is remittance in transit?
Remittance in transit refers to a cross-border money transfer that is still in progress within the banking channel. The remitter's funds are snaking its way across to the beneficiary, and whilst it is in progress, the remittance (money transfer) is called or cited as remittance in transit.
Do I sign as the remitter on a cashiers check?
No, you do not sign as the remitter on a cashier's check. The bank issues the cashier's check, and it is signed by a bank representative. As the purchaser, you typically provide the funds and may need to fill out a request form, but you do not sign the check itself.
Can the remitter cancel mt103 after sending it?
Once an MT103 message has been sent, the remitter cannot directly cancel it, as SWIFT messages are typically considered final and irrevocable. However, the remitter can contact their bank to request a cancellation or reversal, which may be possible depending on the transaction's status and the bank's policies. The success of such a request depends on various factors, including whether the funds have already been settled.
What are sources of remittance?
This can be two things: 1. Originator of funds (i.e. the remitter), the person(s)/entity that initiated the funds transfer, and 2. Source of funds, implying what are the source of funds for the remittance, i.e. where is this money coming from.
What is a Remitter?
a remittance advice is a written confirmation of payment,otherwise known as a receipt or in the USA a check.
Can my friend cash my postal money order at her bank?
According to the USPS web site, postal money orders can be cashed at banks and other financial institutions. I'm not sure what you mean by "my postal money order". If the money order was written to you, then your friend shouldn't be able to cash it. If you bought the money order and wrote it to her, then she should be able to cash it.
