The person who is going to receive the funds from the check.
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
Tell me the name that is written in the payee section of the check in question.
A bill is typically deemed to be paid when the check is received by the payee. While the date the check is cut or mailed may be important for record-keeping or determining payment timing, the actual transfer of funds occurs when the payee has possession of the check. Therefore, for legal and accounting purposes, receipt of the check by the payee is the critical point for considering the bill as paid.
a/c
Yes, the payee received the funds from the bad check and is responsible for returning those funds to the check cashing facility. The payee can then seek restitution from the maker for the funds from the check plus any fees, etc. they paid.
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
a payee is wait whats a payee
payee can endorse the check in favour of another party and sign on the check
I addressed the check to the payee.
The payer is the person that is paying a sum of money to the payee. The payer signs the check and the payee is the person who cashes the check.
The payee is the one that receives a payment. On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account. On a promissory note he is the one who receives the money from the loan.
Tell me the name that is written in the payee section of the check in question.
A bill is typically deemed to be paid when the check is received by the payee. While the date the check is cut or mailed may be important for record-keeping or determining payment timing, the actual transfer of funds occurs when the payee has possession of the check. Therefore, for legal and accounting purposes, receipt of the check by the payee is the critical point for considering the bill as paid.
a/c
Payee
payee
You cannot generally change the payee on a cashiers check without it looking like fraud. Contact the issuer of the cashier's check in order to void the check and reissue.