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how good for payment cheque is issued?

Updated: 9/23/2023
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Q: How good for payment cheque is issued?
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What is good for payment cheque?

Bank gives surety or guarantee to pay the money to beneficiary of the cheque endorsed by bank. Customer (drawer) has to pay certain charge to make a cheque Good for Payment. The payable amount is segregated from the balance to reserve once it endorse. This cheque is authorized by the banker to be Good for Payment. Customer can request bank to prepare manager's cheque, cashier's cheque, banker's cheque or cheque on selves instead of good for payment


What is the functions of a cheque?

what is the function of a cheque


Which transaction will result in a change in the equity of an entity operating on a bank overdraft?

a cheque issued for payment of salaries.


Who can stop payment of a cheque?

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


Application for stop payment of cheque?

i dont remeber some cheque issued when perssion & whos date & wich amount so plz application on reletad this metter


Is The source document for payment of a payroll is a check?

Yes, Cheque in case of cheque issued or otherwise bank slips or bank latters through which salary transferred to accounts etc.


Difference between order cheque bearer cheque?

A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque


Can any one arrange me a Good for payment cheque in visakhapatnam?

In chennai good for payment cheques can be arranged by an consultant 9842566336


Who can stop payment of cheque?

Owner of Cheque and/or Bank


What is a countermanded cheque?

conutermanded cheque is the cheque which has been stoped payment....for some reasons


Can you send a photocopied cheque in payment?

No, the cheque needs to be original.


Can you stop a good for payment cheque?

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.