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What is a personal check for which a bank is guaranteed payment is called?
Wiki User
∙ 13y ago
cashiers or bank check!
Wiki User
∙ 13y ago
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Where could i write a check that they don't check for funds available?
If you don't have any balance in your account and still you want the bank to pass the check you want a "Payment Guaranteed Check". A Payment guaranteed check is a check that bank will honor and pay without referring to its account balance. Special comment (i.e. "Payment Guaranteed") will be printed on the face of the check. Correct signature, amounts in words & numbers, date is the only thing the bank will prefer. Only a few, highly stable, valuable customers will have such a check and that is also as an offer proposed by the bank itself to the account holder. Please refer your bank's web site/branch for eligibility conditions. Only a few banks with high stability are allowed to issue such checks and most of the time the check is a crossed one. However it is common that the bank will impose some limitations on how much checks customer can use, maximum value of a cheque etc...
What is safer a cashiers check or a personal check?
A cashiers check is far safer than a personal check, whether you are the payee or the payor. If you are the payee (the one receiving the check) and receive a personal check that is insufficient, you have very little recourse in obtaining the money owed to you. If you are paid with a cashiers check, it is guaranteed funds, since the bank will only issue the check with available funds (meaning it has to be paid for with cash or purchased at the person's bank, where the bank can verify there are sufficient funds in their account to cover the amount of the check). If you are the payor (the one paying by check), the bank can trace the check for you if the person to whom you were paying loses it or says they never received it. Also, if the check does get lost, it will be far more difficult for someone to forge their signature to it and cash it. Also, a cashiers check does not have as much personal identification on it like a personal check does (address, checking account number, etc.).
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.
Is there a time limit for stopping payment on a personal check?
Yes usually 6 mothns, but it is possible to get the check 'refreshed' by the person who signed it.
Where could i write a check that they don't check for funds available?
If you don't have any balance in your account and still you want the bank to pass the check you want a "Payment Guaranteed Check". A Payment guaranteed check is a check that bank will honor and pay without referring to its account balance. Special comment (i.e. "Payment Guaranteed") will be printed on the face of the check. Correct signature, amounts in words & numbers, date is the only thing the bank will prefer. Only a few, highly stable, valuable customers will have such a check and that is also as an offer proposed by the bank itself to the account holder. Please refer your bank's web site/branch for eligibility conditions. Only a few banks with high stability are allowed to issue such checks and most of the time the check is a crossed one. However it is common that the bank will impose some limitations on how much checks customer can use, maximum value of a cheque etc...
What is a bank money order?
A money order is a payment order for a pre-specified amount of money. Because it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a personal check. Merchants welcome the extra security of a pre-paid money order instead of a personal check, which can bounce.
What is international certified bank draft?
An international certified bank draft is simply a check guaranteed, and issued from a foreign bank. The certified bank draft should be easier to cash than a personal check.
What is a blank check provided by the bank for the convenience of customers who are making withdrawals called?
Personal Check
If a landlord loses the rent is renter still liable?
Are you saying that you paid the rent and then the landlord lost the payment? You would have to determine at which point the rent was lost. For instance, if the check never arrived in the mail and was not cashed, then it wasn't the fault of the landlord. If it is a personal check, then payment could be stopped and the check replaced, without a problem.
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
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 is a written order directing the bank to deduct money from your checking account to make a payment called?
a check
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.
What is a kind of check guaranteed by a bank?
While personal checks and money orders are not guarranteed by banks, a cashiers check is. A cashiers check is written by a financial institution/bank on its own funds. The check is then signed by a representative of the financial institution/bank and made payable to a third-party. A cashier's check is secured, with the funds being guaranteed, because the amount of the check must first be deposited by the individual into the issuing institution's own account. The person or business to whom the check is made out will receive the funds no matter what.
What is safer a cashiers check or a personal check?
A cashiers check is far safer than a personal check, whether you are the payee or the payor. If you are the payee (the one receiving the check) and receive a personal check that is insufficient, you have very little recourse in obtaining the money owed to you. If you are paid with a cashiers check, it is guaranteed funds, since the bank will only issue the check with available funds (meaning it has to be paid for with cash or purchased at the person's bank, where the bank can verify there are sufficient funds in their account to cover the amount of the check). If you are the payor (the one paying by check), the bank can trace the check for you if the person to whom you were paying loses it or says they never received it. Also, if the check does get lost, it will be far more difficult for someone to forge their signature to it and cash it. Also, a cashiers check does not have as much personal identification on it like a personal check does (address, checking account number, etc.).
