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What does check posted mean?
A banking cheque for payment send by postal services. Means: " I forgot or could send money but I will make and effort to now."
Is it possible to cancel cheques?
Yes. The term used for this is called Cheque "Stop Payment" You must visit the bank branch from which you got the cheque book and submit a letter stating the reason for the same and also provide the cheque number. If the cheque has not yet been paid, the cheque would be canceled and no payment would be made.
What is the difference between cheque and receipt?
A cheque is a financial instrument that instructs a bank to pay a specified amount of money from the account of the cheque writer to the person or entity named on it. In contrast, a receipt is a document that acknowledges the receipt of payment or goods, serving as proof of a transaction. While a cheque is used to initiate payment, a receipt confirms that payment has been made.
What are the disadvantages of payment by cheque?
Payment by cheque has several disadvantages, including the potential for delays in processing, as it can take time for the cheque to clear. There is also a risk of fraud or theft, as cheques can be altered or forged. Additionally, if the payer does not have sufficient funds, the cheque may bounce, leading to additional fees and complications for both parties involved. Lastly, cheque payments can be less convenient compared to digital payment methods, which offer quicker and easier transactions.
What is an unpresented cheque?
An unpresented cheque is one that was never submitted for payment. for ex: lets say I owe you Rs. 10000 and issue a cheque to you. And you forget to cash it and keep it safely inside your vault. Then, that cheque becomes an unpresented cheque.
What does check posted mean?
A banking cheque for payment send by postal services. Means: " I forgot or could send money but I will make and effort to now."
What does check by post mean?
A banking cheque for payment send by postal services. Means: " I forgot or could send money but I will make and effort to now."
Who can stop payment of cheque?
Owner of Cheque and/or Bank
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 a countermanded cheque?
conutermanded cheque is the cheque which has been stoped payment....for some reasons
What is the cheque number for the payment made on your account?
The cheque number for the payment made on your account is the unique identification number printed on the cheque used for the transaction.
What are the power of check holder?
You can issue a cheque for payment, cancel a cheque, get the cheque deposited through the bank.
Is it correct to say send us with a cheque?
Not unless you want stamps sticking on your foreheads. But what you should have said is difficult to assess because I don't know what you want to say: Send us a cheque send a cheque with our letter? We are sending a cheque?
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
What is an elv number?
Is this related to an payment? In Germany, an ELV is a kind of electronic cheque.
What the homophone for payment of money?
check, cheque
What is the homophone of a payment of money?
check, cheque
