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What can happen if the check cashed had no funds in the account?
The cheque would bounce and the person who issued the cheque can be legally prosecuted for issuing cheques without sufficient funds in the account. Also, the bank may take legal action against the customer for misusing the cheque facility.
What is the difference between draft and check?
the bank takes a advance from the person who issues adraft but at the time of check the bank didnt take amount to issue a cheque.the cheque may be bounce when the balance is nill in issuer account
How long does a cheque take to clear with the clydesdale bank?
Normally takes 4 business days for a cheque to clear with the Clydesdale bank.
HOW CAN I FIND OUT IF A CASHIERS CHECK IS BAD?
How can a i out if a cashiers check is bad. i think someone is trying to get money from me. ***** Take the cheque to your bank and ask them to verify that the cheque is genuine or not. If not, take it to the police.
How long do rbs take to clear a check?
It depends on the bank and branch that issued the cheque you are depositing. If the cheque is issued by RBS and that too the same branch where you hold an account, the cheque can be cashed within one day. If the cheque is issued by a different bank and in a different city, it may take as much as 2-3 business days.
What can happen if the check cashed had no funds in the account?
The cheque would bounce and the person who issued the cheque can be legally prosecuted for issuing cheques without sufficient funds in the account. Also, the bank may take legal action against the customer for misusing the cheque facility.
What Indian Govt. or legal official will take legal action against Dubai UAE unpaid returned bank cheque and what action willl be taken in India to Indian who is residing in India.?
Cheque bounce is a criminal offense in UAE and as well as in India. But when it comes to proceeding legal action against a UAE bank defaulter in India, he case depends on the nature of cirumstances. Whether it is a payment cheque or a security/guarantee cheque, because UAE banks indiscriminately / wantonly bounce a cheque when they find 3/4 instalments are unpaid by the defaulter. It is totally absurd on the part of the bank to present the cheque for the entire amount, when the defaulter is financially incapable of paying even the monthly instalment. In fact, the bank is the criminal because it wanted to present the cheque only to bounce it and get the defaulter arrested. When 3 or 4 instalments remain unpaid, the defaulter is seen by the bank as a "dreaded criminal" and efforts are on to jail him. The fact is - if the defauler is jailed, it will be an end of the road for him, he loses his job and his life. The bank too is not going to get back their money. So it is a lose-lose situation. Coming back to the question.... the bank in UAE cannot take any legal action against the defaulter in India bcoz
What does it mean to take legal action?
Legal action mean to initiate legal proceeding against the person who is liable for the act due to which you have suffered.
If you write a check to yourself knowing there are no funds what are the consequences?
If you are going to take the cheque yourself to cash it, the bank cashier or teller may ask you to leave the bank because there are no funds. If you are going to deposit the cheque in some other account in a different bank, then you may face cheque bounce charges in both the banks and a significant hit to your credit rating.
What does it mean to take action?
Legal action mean to initiate legal proceeding against the person who is liable for the act due to which you have suffered.
You refused to take advocate's legal notice Will they take action against you?
No. There is no immediate action for not taking advocates legal notice but there is every possibility legal proceedings may be initiated against you in the appropriate court of law.
Where to cash a personal check?
There are two ways. # If it is a normal cheque that has not been crossed (not an A/C payee cheque) you can take the cheque to the cheque issuing branch, provide an identity proof and ask for cash # If it is a crossed cheque (A/C payee cheque) you can take it your bank branch and deposit it into your account. Irrespective of whether the cheque is crossed or not, you can use option no. 2. But only if the cheque is plain you can use option no. 1
What is the difference between draft and check?
the bank takes a advance from the person who issues adraft but at the time of check the bank didnt take amount to issue a cheque.the cheque may be bounce when the balance is nill in issuer account
What action would you take if you had a concern about compliance with legal requirements that have to be complied with by an establishment providing services to the public?
What action would you take if you had a concern about compliance with legal requirements that have to be complied with by an establishment providing services to the public?
My ex boyfriend posted semi-nude pictures of me on myspace. what can i do im in California and legal action i can take?
Post those pictures online, and let us see them. Then we can make a determination if you can take legal action.
Is it legal for a company to put you on an action improvement plan earlier then the company norm because you are pregnant?
It is not legal for a company to take any action against you because you are pregnant.
Can i take legal action for being neglected medical attention after a seizure?
can i take legal ation for being denied medical attention after having a seizure
