Basically, a cheque is a written promise to pay the receiver the sum on the cheque. For example, if a workman has finished work on your property, you would write a cheque to allow the workman to put the cheque into his bank account, and the amount would be taken out of your account. It is important to ensure the amount on the cheque is in your account, otherwise the cheque would be returned (a bounced cheque).
A crossed cheque can ONLY be paid into the bank account of the person the cheque is made out to. If yo are not that person and try to do so then you are trying to commit a fraud.
You have to have a letter of authority and put it into an estate account.
well its been a week and my cheque still hasn't cleared, and also, lloyds bank tsb REFUSED to put the cheque into my current account to boot. I had to open a special account to put it in, so when it does finally clear, I'll putting elsewhere, lloyds aint stitching me up
No. If the check is sent to YOU and is for YOU it is OK to put it into YOUR account. It IS a crime if yous teal or take someone else check and put it into your account because that money does not belong to you.
yes
Basically, a cheque is a written promise to pay the receiver the sum on the cheque. For example, if a workman has finished work on your property, you would write a cheque to allow the workman to put the cheque into his bank account, and the amount would be taken out of your account. It is important to ensure the amount on the cheque is in your account, otherwise the cheque would be returned (a bounced cheque).
No, it is not possible to put your direct deposit into someone else's account. Direct deposits are typically set up to go into an account that is in your name and under your control. Sharing your account information with someone else for direct deposit purposes can lead to potential fraud or unauthorized access to your funds.
yes, they must specify "USD" on the cheque they write, or money order they send.
If they have a legal claim on money in that account, and they get a court to issue an order, yes.
I am not a banking expert, but my understanding is that - say you have 100$ in your account and you pay in a cheque for another 100$, then your current balance will be 200$ but your available balance will be 100$ until the cheque clears (when the available balance will match the current balance). This protects the bank from someone paying in a cheque that may 'bounce' and withdrawing money that never gets put into the account.
A crossed cheque can ONLY be paid into the bank account of the person the cheque is made out to. If yo are not that person and try to do so then you are trying to commit a fraud.
You have to have a letter of authority and put it into an estate account.
well its been a week and my cheque still hasn't cleared, and also, lloyds bank tsb REFUSED to put the cheque into my current account to boot. I had to open a special account to put it in, so when it does finally clear, I'll putting elsewhere, lloyds aint stitching me up
No. If the check is sent to YOU and is for YOU it is OK to put it into YOUR account. It IS a crime if yous teal or take someone else check and put it into your account because that money does not belong to you.
It depends. It may be put directly into a bank account, handed to you in cash or a cheque, or you get in in the mail. I think.
most of the time, yes. You will need to sign as both names though. You may be required to get a new check though.