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What is blank check?
A cheque in which the cheque issuer has not filled in the Amount
Can you cash a check that has had one name on then crossed out and then a different name on?
YES - If the cheque issuer has countersigned after the name alteration NO - If the cheque issuer has not counter signed after the name alteration Any modification in a negotiable instrument like a cheque has to be attested/countersigned by the issuer
How do you change the payee on a cashiers check?
You cannot generally change the payee on a cashiers check without it looking like fraud. Contact the issuer of the cashier's check in order to void the check and reissue.
Who is the issuer of a bond?
what is THAT supposed to mean?
Can you reopen a credit card that was closed by the issuer?
No. The reason a credit issuer closes an account is because they no longer consider you an acceptable risk.
What is blank check?
A cheque in which the cheque issuer has not filled in the Amount
Can an unemployment check be stopped or cancelled?
Yes, if they have cause, the issuer of the unemployment check may stop or cancel checks.
Can you cash a check that has had one name on then crossed out and then a different name on?
YES - If the cheque issuer has countersigned after the name alteration NO - If the cheque issuer has not counter signed after the name alteration Any modification in a negotiable instrument like a cheque has to be attested/countersigned by the issuer
should the gift card holders submit their cards?
This answer varies according to the terms and conditions from the issuer of the card. Please check directy with the issuer to ensure you receive the correct response.
What are 3 things you should check when accepting a cheque for payment?
They are: a. That your name is written legibly and clearly as the check payee b. That both the amount in numbers and amount in words is written clearly and match one another c. That the check is signed properly by the check issuer d. That there are no overwriting/edits in the check. If so, you must ask the check issuer to counter-sign the place that has the edit
Is a check for security deposit legally binding if other party cashes check?
Yes. A check is a legally binding monetary instrument where the issuer agrees to allow the receiver/check payee to cash the check anytime they want. However the receiver can choose to cash it or not. The check issuer can however issue a stop payment before the check is cashed but they cannot stop the receiver from cashing it or legally prosecute them for cashing it.
What is the cheque counterfoil?
The cheque, or check, counterfoil is the part of the check that is kept by the issuer and it serves as a record of a transaction. The counterfoil is also called a stub.
Can a cashier's check be made payable to cash?
No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
How do you change the payee on a cashiers check?
You cannot generally change the payee on a cashiers check without it looking like fraud. Contact the issuer of the cashier's check in order to void the check and reissue.
Worthless check now there is a warrant for your arrest?
AKA, Check Fraud. Someone wrote a bogus check - the money was not in the bank when the check was written. A check is a written guaranteed promissory note (IOU) signed by the issuer stating that funds are available to the person to whom the check is issued that upon demand (deposit) of the bank, they will be paid accordingly. When that promise is broken - a legal matter - the issuer can be arrested and be ordered to make good on the check or face jail time.
What is a cash check?
A check that is not crossed and marked 'Not Negotiable' may be taken into a bank (for example) and exchanged for it's value in cash 'across the counter'. A check that has been crossed and is marked 'Not Negotiable' (this can be either pre-printed by the issuing financial institution onto a book of otherwise 'blank' (no information or value) checks, or hand-written by the issuer) may only be paid into the payee's bank account. The proceeds of such a check will only be available to the payee via his/her bank account once the check has 'cleared' (i.e. the bank has verified that there are sufficient funds available in the account of the 'issuer' to cover the value of the check and then the value is transferred into the account of the payee). Via this distinction, it is possible for a check issuer to 'build in' a degree of security into a 'Non Negotiable' check compared with a 'cash' check.
Are debit card purchases insured?
This is a matter for the card issuer. Some credit cards provide loss or damage protection for certain equipment subject to limits, exceptions and exclusions. You have to check with your card issuer to see whether or not they offer this protection.
