answersLogoWhite

0

Insufficient mandate on a cheque usually means that the bank does not honor cheques written from the bank that the refused cheque was drawn upon. Rarely it means that there were insufficient funds available or that there were insufficient signatures on the check for it to be honored.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is the cause of insufficient kidney function?

Sometimes the cause is as simple as plaque buildup.


What can insufficient iodine cause?

an enlarge thyroid gland


Can misspelled name make cheque bounces?

Yes. Even overwriting can cause bounces


What would happen if you had insufficient Red blood cells?

It can cause Anemia.


What could insufficient free play in the clutch cause?

A slipping clutch.


What is the most common cause of shock?

Insufficient blood flow thru the body


What happens if you forget to stamp back of company cheque?

If you forget to stamp the back of a company cheque, it may not be processed by the bank, leading to delays in accessing the funds. The cheque might be returned unpaid or considered invalid, which can cause complications in transactions. To resolve the issue, you would typically need to re-stamp the cheque and possibly resubmit it to the bank. It's important to follow your company's procedures regarding cheque handling to avoid such problems.


How does a diet lacking lipid cause a vitamin deficiency?

Because Vitamins A and D are fat soluble, so insufficient fats mean insufficient vitamins A and D


According to the narrator Paul's family felt an anxiety in the house what was the cause of this?

Insufficient money


What cause overdraft on cheque account?

Writing a check for more money than is actually in the account will result in an overdraft.


How are cheques and cheque books used?

What is a Cheque?A cheque is a negotiable instrument that can be issued by one person to pay money to another person/entity. The person to whom the cheque is issued is entitled to receive the sum mentioned in the cheque (provided the account has sufficient balance) from the bank where the cheque issuer holds his account.What are the important things to note while writing a cheque?There are a number of important things that we must keep in mind while writing a cheque. They are elaborated below.1. Remember to Cross the ChequeCrossing a cheque means putting two parallel lines on the left hand top corner of the cheque. This means that, the cheque is a Account Payee cheque which means it can only be deposited into another account and cannot be exchanged for cash over the counter. This serves two purposes - you can keep a track of who encashed your cheque and also ensure that even if the cheque is lost, it cannot be misused by anyone. The person to whom the cheque was paid will be recorded.2. Write the Name of the person to whom the cheque is to be paid in fullIt is very important to state the cheque payee's name in full without missing any part of the name in the "pay to line" The name entered here should match the name under which the person holds a valid bank account. If there is any mismatch or spelling mistake the cheque will not be paid3. Write the amount to be paid both in numbers and wordsIt is advisable to write both the number value as well as value in words in the cheque. Also care must be taken to ensure that there are no leading or trailing blank spaces while entering these values which might cause tampering of the cheque and modification of the cheque value4. Write the cheque date promptlyDo not issue cheques that do not have a cheque issue date.5. Sign the cheque at the bottom right hand corner with the exact signature that is registered with the bank records.If there is even a slight mismatch between the signature in the bank records and that in the cheque the bank will not release the payment.


According to the narrator Pauls family felt an anxiety in the house What was the cause of this anxiety?

Insufficient money