0
precaution to be taken by a banker
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Difference between collecting banker n paying banker?
When a check is written on a bank account, the banker at that particular bank is the paying banker. They are responsible for paying the check when a customer presents it for payment. A collecting banker collects the checks for his customers from a paying banker.
Meaning of paying banker?
the banker on whom a cheque is drawn or the banker who is required to pay the cheque drawn on him by a customer is called the paying banker or drawee bank
Rights and duties of collecting and paying banker?
collecting banker defination,functions of a collecting banker
How much does a private banker make?
A private banker makes around 98,000 a year. This makes this job one of the higher paying jobs available today.
Statutory protection given to paying banker?
Statutory protection given to the paying banker is insurance against fraud for the depositors at a given bank. A member of the F.D.I.C. will insure the assets of a depositor up to a certain amount. Usually this amount is $50,000 or less depending on the type of deposit accounts affected.
What are the precautions taken by a paying banker for honouring the cheque?
A banker wishing to pay or honor a check will first ask the payee for verification that the payee has an account with that bank. Then, they will ask for identification, usually a driver's license or picture identification card.
Difference between collecting banker n paying banker?
When a check is written on a bank account, the banker at that particular bank is the paying banker. They are responsible for paying the check when a customer presents it for payment. A collecting banker collects the checks for his customers from a paying banker.
Meaning of paying banker?
the banker on whom a cheque is drawn or the banker who is required to pay the cheque drawn on him by a customer is called the paying banker or drawee bank
Paying banker vs collection banker?
you can get this answer from this link:shrinke.me/M0j6HD
Rights and duties of collecting and paying banker?
collecting banker defination,functions of a collecting banker
What precautions can be taken for cloudburst?
precautions taken for cloudburst
What are Protection to a collecting banker and to a paying banker?
A collecting banker's protection consists of the check he collected is a crossed check, he collected the check only as an agent, and he collected it in good faith. For a paying banker, his protection is that the signature is verified and the check is genuine.
Who is a paying banker in relation to cheques?
The paying bank is the bank on which the check is written.
What are the precautions to be taken to prevent animal attacks?
precautions to be be taken for animal attacks
What precautions can be taken out earthquake nowadays?
Precautions can be taken out earthquake nowadays include organizing an earthquake emergency kit.
What are precautions before drought?
precautions to be taken before is to store water
What precautions need to be taken when doing immobilization?
There are no special precautions for immobilization.
