The person(s) on the account that a check was drawn on. For example, Joe and Mary have a joint bank account and Joe has written a check for $1000. Because the account is set up as joint/or (Joe OR Mary have authority) instead of joint/and (Joe AND Mary have authority), Mary can request stop payment on the $1000 check.
A joint/or account requires either person's authority, whereas a joint/and account requires BOTH persons' authorities. Also, be advised that stop payments are not fully guaranteed. If any of the following factors are changed, the check may still be withdrawn from the account:
- Dollar amount is altered
- Check # indicated is incorrect
- Multiple attempts to withdraw funds
- Payee on check is altered
you can place a stop payment on a check right after you write the check if you want to pay the fee
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.
If the name is not written right then the check itself is void. The writer of this check could also stop payment.
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.
The person who issued the cheque can issue the stop payment on the cheque. 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
you can place a stop payment on a check right after you write the check if you want to pay the fee
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.
THis ain't no question.... why would you stop payment on a check anyway
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.
If the name is not written right then the check itself is void. The writer of this check could also stop payment.
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.
if you stop payment because the funds are not available then yes it is.
The person who issued the cheque can issue the stop payment on the cheque. 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
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.
So you can stop a check with money on it that you lost.
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.
No, one cannot put a stop payment on a certified check. The point of issuing a certified check is to guarantee that the check can be cashed immediately - like cash.