0
What else can I help you with?
What is a collecting banker?
A collecting banker is one who undertakes to collect the amount of a cheques & bills for his customer from the paying banker. A banker is under no legal obligation to collect cheques drawn upon other banks for a customer. But this function is performed by every modern bank.
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
What is the Precautions to be taken by a paying banker?
precaution to be taken by a banker
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 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.
Brifliy expline primary relation ship of banker and customer?
The relationship between a banker and a customer is called a contractual relationship.
Why do you need a travel check?
Travelers cheques are a safe alternative to carrying cash. By paying a small premium, you are protected if your cheques are lost or stolen. The bank that issued the cheques guarantee the merchant will get paid, even if they are fraudulently cashed, and the bank will reimburse you if they are lost or stolen.
You missed 2 SBI cheques in traveling or somewhere but you signed in cheques not filled Know what you have to do what legal step you have to take Please suggest you?
First and foremost withdraw sufficient amount of funds available in your account through electronic media so that the signed cheques will get bounced for lack of sufficient funds. Who will have the courage to fabricate sufficient grounds for a time consuming legal action to unlawfully exploit you. Chances are the cheques will be filled with 6 digit figures by the would-be-exploiter! Instantly report loss to banker and get the numbered cheques blocked.
How many cheques can be written each month without paying a fee?
That depends on your bank and the type of account you have opened with the bank. There is no one answer that can be given - for instance there is no restriction on how many cheques I can write (or cash) for free with my bank.
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.
