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Can cross cheque be deposited in bearer account?
A crossed cheque must be banked. If the or bearer is not also crossed/deleted; then, strictly speaking, the cheque can be banked into the holder (bearer) of the cheque [and the bank teller will write the bank account number into which the cheque is being deposited].Some countries will only let the cheque be deposited into the bank account of the person/business named on the cheque (even if the or bearer is not crossed/deleted).
What does or bearer written on a cheque mean?
'or bearer' means that the check can be cashed by whoever presents the check to the bank - bearer means carrier in this context.
Can a bank issue bearer demand draft?
no,because bearer draft is like a currency which can be issue only by rbi hence cant be issue bearer
How do you treat a bearer cheque in cash book?
how bearer cheque posting in cash book
How does a bank treat for bearer check?
A bank treats a bearer check as a negotiable instrument that can be cashed or deposited by anyone in possession of it, without the need for endorsement. The bank verifies the authenticity of the check and the availability of funds before processing it. Once the bearer check is presented, the bank debits the account of the drawer and pays the bearer the specified amount. It's crucial for the bearer to ensure they are dealing with a legitimate check to avoid fraud.
What has the author Agnes E Ryan written?
Agnes E. Ryan has written: 'The torch bearer' -- subject(s): Suffrage, Woman's journal (Boston, Mass. : 1870), Women
What is the person who raises and lowers the flag called?
"flag-bearer"
Can cross cheque be deposited in bearer account?
A crossed cheque must be banked. If the or bearer is not also crossed/deleted; then, strictly speaking, the cheque can be banked into the holder (bearer) of the cheque [and the bank teller will write the bank account number into which the cheque is being deposited].Some countries will only let the cheque be deposited into the bank account of the person/business named on the cheque (even if the or bearer is not crossed/deleted).
What rhymes with flag bearer?
tag bearer
How do you spell pall bearer?
pall bearer
What is a cone bearer?
A cone bearer is a cone that bears
What means pore bearer?
What means pore bearer
When was The Sword Bearer created?
The Sword Bearer was created in 2006.
When was Water Bearer created?
Water Bearer was created in 1978.
What is the name given to the olympic flame bearer?
The Olympic torch bearer.
Who is undertakers father?
Paul Bearer
What does or bearer written on a cheque mean?
'or bearer' means that the check can be cashed by whoever presents the check to the bank - bearer means carrier in this context.
