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Hello,
This is G.N.Raju from vizag, Andhra Pradesh. Good for Payment check is a 100% legal.
I'm going to write one letter format in this forum, Cheque(with banker signature and stamp) and one bank letter head(which format i was write in below) these two things are enough. You can get the good payment from it.
(ON THE LETTER HEAD OF THE BANK)/ BRANCH LEVEL- VERIFICATION
TO WHOMESOEVER IT MAY CONCERN
Date:
Ref No:
Dear Sir,
Sub: Undertaking towards Customer Cheque No: ________that it would be honored on its due date in the A/c XXXXX.
This is to confirm that M/s ____________________________________having current a/c No: _______________________with our bank branch is in the privilege customer category.
As per the request of our customer M/s YYY, we are issuing the undertaking along with the customer Cheque No: _______________Dated: ______for an amount of Rs X, 00, 00, 000 (_____________ Crores Only) issued in your favour.
The mentioned Cheque will be honored on the mentioned due date irrevocably & unconditionally on presentation to our Bank branch with full responsibility and co-operation and without any notice to the customer.
We do confirm not to honour the instructions of our customer _____________ to stop pay against the above cheque and we confirm that this conformation is in full force till the realization of the above cheque can not be revoked under any circumstances by our customer.
We hereby confirm to facilitate the verification of Cheque No:______________________________& this letter through __________(Bank Name).
Phone : +91-
Fax : +91-
Thanking you,
Yours faithfully
Signature
Manager / Assistant Manager
Emp Code : Emp Code :
BANK Seal
Wiki User
∙ 14y ago
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Can you stop a good for payment cheque?
No. A good for payment is automatically paid to the beneficiary upon the maturity of the check. A bank undertakes the responsibility that it will not stop the payment of the check under any circumstances.
Can you redeposit a stopped payment check?
You can, but once a check is stopped it's stopped for good.
Payment by check or payment by cash?
cash payment limited for budget 2010-2011
Can you put a stop payment on a check after it is cashed?
No. A stop payment can be issued only before the check payment is made by the bank. If you try a stop payment after the bank has paid for the check, the bank wont accept it because the stop payment instruction is useless now and cannot be executed.
Can you stop payment on a cashiers check?
Being able to place a stop payment on a cashier's check depends on the bank. If the cashier's check has been lost or stolen the bank may place a stop payment on it.
Can you stop a good for payment cheque?
No. A good for payment is automatically paid to the beneficiary upon the maturity of the check. A bank undertakes the responsibility that it will not stop the payment of the check under any circumstances.
Can you redeposit a stopped payment check?
You can, but once a check is stopped it's stopped for good.
Is there any options if your check bounce on car down payment?
Immediately make the check good.
Will banks cash a stale dated check?
Yes, they will.Our company stopped payment on a check back in 2006. The personreceiving the check said it was lost.The check was cashed one year later. The bank said the stop payment was only good for 6 months. If you put a stop on a check, eitherstop payment every six months or change your account.The check was a small dollar amount.What we learned - we have to go back and stop payment every 6 months.
Is it legal to stop payment on a check that is going to overdraw your account?
It is legal to do so as long as the reason for writing the check in the first place was not fraudulent, and as long as you promptly take other means to make good on the payment.
When receiving payment from a private insurance carrier check the amount of payment on the EOB with the?
when receiving payment from a privit insurace carrier check the amount of payment on the EOB with the
What is the law on stop payment on a check?
In the United States, a stop payment on a check is a request made by the account holder to their bank to not honor a specific check that has been issued. The account holder typically needs to provide specific information about the check, such as the check number and the amount. Stop payment orders are usually subject to a fee and must be made within a specific timeframe before the check is cashed.
Payment by check or payment by cash?
cash payment limited for budget 2010-2011
Stop payment on check to mechanic shop?
THis ain't no question.... why would you stop payment on a check anyway
Can you put a stop payment on a check after it is cashed?
No. A stop payment can be issued only before the check payment is made by the bank. If you try a stop payment after the bank has paid for the check, the bank wont accept it because the stop payment instruction is useless now and cannot be executed.
Can you stop payment on any check?
As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check.
Is it a misdemeanor to stop payment on a check?
It could possibly be a felony depending on the size of the check. I've been served with an arrest warrant for stopping payment on a check before. It was for 750 dollars. It may be a misdemeanor or felony only if you stopped payment in an attempt to and with intent to commit criminal fraud upon the payee. Merely stopping payment on a check, even a post-dated check, is not a crime in and of itself. In other words there is no such crime as "stopping payment on a check." The crime is fraud, which may be perpetrated by stopping payment on a check.
