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Can someone cash a check that a stop payment was placed over a year ago?
yes a stop payment on a check will remain permanently once the bank places it
What is a check that has been processed by the bank called?
A check that has been processed by the bank is called a "cleared check." This means the bank has verified the authenticity of the check and has transferred the funds from the issuer's account to the recipient's account. Once cleared, the funds are considered available to the recipient.
What do you call a cashed check?
A cashed check is commonly referred to as a "cleared check." This term indicates that the funds have been transferred from the payer's bank account to the payee's account, and the transaction has been completed. Once a check is cashed or cleared, it is no longer considered valid for future transactions.
Can you write checks on deposits that has not cleared the bank?
If I write check on deposits not cleared by bank, it will in all probability get dishonored with the remark 'Insufficient fund' and a charge will be deducted from my account by the bank. However, I can intimate my banker prior to issuing the check that my deposits are not yet cleared and that the check may kindly be honored without refusal of payment.The above intimation has to be earmarked in the books of a/c. of the bank to prevent embarasing situation.
What does check not cleared mean?
"Check not cleared" means that a check issued has not yet been processed or paid by the bank, indicating that the funds have not been withdrawn from the issuer's account. This can happen for various reasons, such as the check being lost in transit, the recipient not depositing it, or insufficient funds in the issuer's account. Until the check clears, the issuer is still responsible for the amount written on it.
If a cheque is cleared can any one freeze it afterwards?
A cleared check is one for which the money due by means of the check has already been paid to the payee. So a stop or freeze cannot be placed on it because, the funds have already been paid out and the bank cannot reclaim the funds paid out for a check.
Can you stop a check after it has cleared?
I don't think so, but I could b rong
Can a cashiers check have a stop payment put on it by telephone?
if the check was made out to a company that is now being investigated, can it be stopped if it has not cleared the bank or if it has cleared the bank is there a 30,60 or 90 day rule?
How do I know if a check has cleared?
A check has cleared when the money has been successfully transferred from the payer's account to the payee's account. You can check if a check has cleared by monitoring your bank account balance or contacting your bank for confirmation.
Can someone cash a check that a stop payment was placed over a year ago?
yes a stop payment on a check will remain permanently once the bank places it
Can a cleared check be reversed?
Yes, a cleared check can be reversed if there is a valid reason, such as fraud or an error. This process is known as a check reversal or a check chargeback.
Who is responsible for a check after a stop payment is put on it?
The person who placed the stop payment on the check is responsible for any fees associated with stopping the payment. The check recipient might also have to pay fees if they try to cash or deposit the stopped check. Ultimately, the responsibility for resolving any issues related to the stopped check lies with the account holder who placed the stop payment.
How can I confirm that a check has cleared?
To confirm that a check has cleared, you can check your bank statement online or contact your bank to verify that the funds from the check have been successfully deposited and are available in your account.
If a check which has been cleared could it still bounce?
yes many times a bank will indicate that a check is cleared and later the check will come back from the other bank stating that it was not a good check or NSFs. Unfortunaetly there are some banks that will show a check as cleared even before it has as a customer courtesy
Is it possible to reverse a check after it has cleared?
No, it is generally not possible to reverse a check after it has cleared. Once a check has been processed and the funds have been transferred, it is considered a final transaction.
How do you know if a check has cleared?
A check has cleared when the money has been successfully transferred from the payer's account to the payee's account. This process can take a few days, and you can usually confirm that a check has cleared by checking your bank statement or online banking account for the transaction.
A check is considered this if it has not yet cleared the financial institution?
An outstanding check.
