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Can a cashiers check be cashed by the remitter if it has been made out for the wrong amount?
It is possible but does depend upon the policies of the issuing bank. The check can be negotiated by the remitter, however, the remitter's bank may not allow them to exchange the check for cash - they may require it be deposited bank into the remitter's account. The remitter would have access to the funds per that bank's funds availability policy, but no later than the next day in most cases.
What are advantages of crossed Cheques?
The risk consequence upon loss of cheque is minimized
Where can one find the bank account number on his or her checks?
The precise positioning of one's account number on one's checks will vary depending upon which country one is in and which bank issues the cheques. Usually the account number is along the bottom of the check.
What is maximum amount payable by bearer cheque by saving bank account?
It depends upon the bank type. Just visit your bank.
Is it the responsibility of the teller to tell you if a check is put on hold?
The bank must disclose to you upon opening your account their general availability policy. Any hold that goes beyond this general policy must be disclosed to you "within one banking day" according to government regulations upon receipt of your deposit. Most banks will tell you immediately, either verbally or on your receipt (or both).
Can a bank hold a 401k check?
The fact that it is a 401k check is irrelevant in determining a hold. It depends on your account history, the bank the check is drawn upon (same bank as yours or another bank; local bank or non-local bank), and whether the bank feels it would have other reasons to hold the check as permitted by government regulations.
What is insufficient mandate that can cause cheque to be dishonoured?
Insufficient mandate on a cheque usually means that the bank does not honor cheques written from the bank that the refused cheque was drawn upon. Rarely it means that there were insufficient funds available or that there were insufficient signatures on the check for it to be honored.
How many current drawn in 400 kvar capacitor bank?
It depends upon at how much voltage level 400 kvar capacitor bank is used.
If you have a check made out to you drawn upon that branch can they charge you a fee?
If you cash a check at the bank where the account is, then it's not common to be charged a fee for cashing it. Most banks do not charge you for cashing local cheques (cheques issued in the same city even if it is a different bank) It also depends on the type of account you hold and the place from where the cheque was issued to you.
What is a banker's acceptance?
A banker's acceptance is a negotiable instrument or time draft drawn on and accepted by a bank, which upon acceptance becomes an obligation of the bank and is a marketable money-market instrument.
What are cashiers checks?
The cashier's check is known by many synonyms. It can be called a bank check, a teller’s check, a treasurer’s check, or an official check to name just a few. It is different than the type of check you would write from a personal bank account, and usually considered more acceptable for certain transactions, because it provides in most cases, a guarantee of payment to the receiver of the check. What makes the cashier's check unique is that funds are not drawn from your personal account. As most people know, funds can shift in a personal account on a daily basis. Even if you can prove to someone that you have money in your account to cover a check, that might only be true for a moment or two. Checks are cleared in the order they are received, and if you have other outstanding checks, the value of your checking account will shift when these checks do clear. In order to get a cashier's check, you withdraw funds from your personal account, or you have cash available. You then pay these funds to the bank that creates the bank check; this is often your own bank. Funds from the check are then drawn on the bank, and not on your personal account. Thus this form of check is considered secure, especially when issued by a reputable bank. There is very little possibility of a legitimate cashier's check bouncing, since the bank is the payer of the check. If a person fraudulently writes a check to cover the cashier's check, the bank might try not to cash the check. In most cases, this is not an issue, since most people use their own banks to get cashier's checks, and the bank has immediate access to information about the person’s bank account. The bank won’t accept a check from a person to create a bank check if they know there are not sufficient funds to cover the check. Some institutions will require a cashier's check as a secure form of payment. For instance you may need to get one for deposits on or purchases of automobiles, for deposits or first month’s rent for a newly rented apartment or for a down payment on a house. This really depends upon the institution or business. Some people find the process of obtaining these checks tiresome, and in most cases there is a fee attached to getting a check of this type. This fee may be a percentage of the total check or a flat fee, and this again depends upon the issuing bank, and your relationship to the bank, (such as your being a customer of the bank). The rise in Internet fraud has prompted many to fall victim to phony or fake check scams. A “private” individual emails you regarding a check they wish you to deposit, and in exchange you will transfer funds to them from your own account. These checks are often cashier's checks and they can look very real. It’s a good idea first off, to never deposit a check from someone you didn’t know yesterday, and who is claiming to be from a foreign country or some such, especially when these folks contact you via email. Second, if you do accept cashier's checks, be sure it is issued from a bank you know, and verify independently of the address or contact number on the check, that the bank actually exists and is legitimate. If it is a bank you’re familiar with, verify with the bank to be certain the check isn’t a phony. This is especially helpful when it comes to private transactions between individuals, such as someone paying you with a cashier's check to purchase something from you.
How much is the maximum fee for a bad check in Pennsylvania from the business the check was written to?
Pennsylvania. Upon written demand from payee following conviction for passing a bad check and failure to make restitution, the payee upon obtaining civil judgment is entitled to an amount equal to $100 or treble the amount for which the check is drawn, whichever is greater, not to exceed by more than $500 the value of the check
What interest rates do Mechanics Bank offer?
Like most banks Mechanics Bank's interest rates depend upon the rates set forth by the government. Which means that you will have to check with your local bank to find out what the rates are now.
What is another way of saying are not always used?
are not always incorporated not necessarily in usage rarely used rarely incorporated rarely applied rarely drawn upon seldom used seldom incorporated seldom applied seldom drawn upon hardly ever used hardly ever incorporated hardly ever applied hardly ever drawn upon infrequently used infrequently incorporated infrequently applied infrequently drawn upon
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.
Can a cashiers check be cashed by the remitter if it has been made out for the wrong amount?
It is possible but does depend upon the policies of the issuing bank. The check can be negotiated by the remitter, however, the remitter's bank may not allow them to exchange the check for cash - they may require it be deposited bank into the remitter's account. The remitter would have access to the funds per that bank's funds availability policy, but no later than the next day in most cases.
What is slogan of bank of bikaner and jaipur?
friend u can bank upon
