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What else can I help you with?
Can you send a photocopied cheque in payment?
No, the cheque needs to be original.
What are the disadvantages of paying cheques?
Some disadvantages are:You may lose the cheque or it might be stolenThe cheque issuer may not have sufficient balance in his acc to honor the cheque
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 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.
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
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
Can you send a photocopied cheque in payment?
No, the cheque needs to be original.
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 disadvantages of paying cheques?
Some disadvantages are:You may lose the cheque or it might be stolenThe cheque issuer may not have sufficient balance in his acc to honor the cheque
What are the power of check holder?
You can issue a cheque for payment, cancel a cheque, get the cheque deposited through the bank.
What is an elv number?
Is this related to an payment? In Germany, an ELV is a kind of electronic 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 the homophone for payment of money?
check, cheque
What is the homophone of a payment of money?
check, cheque
What is the functions of cheque?
it makes payment easier and convenient
