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What else can I help you with?
If a payee want to transfer a check to another party the payee would use?
payee can endorse the check in favour of another party and sign on the check
How to endorse a check if the name of the payee is misspelled?
Endorse it in the mispelld name then use the corrct endorsement
Is it possible to void a check that has already been cashed?
No, it is not possible to void a check that has already been cashed. Once a check has been cashed, the transaction is considered complete and the funds have been transferred from the payer's account to the payee's account.
Can you return a cashiers check you made out to payee?
Yes, you can return a cashier's check made out to a payee, but the process may vary depending on the bank's policies and whether the check has been cashed or deposited. If the check is still in your possession and hasn't been cashed, you can usually request a refund from the issuing bank. However, once the check is cashed, you typically cannot reverse the transaction, and you would need to address any issues directly with the payee. Always check with your bank for specific procedures and requirements.
When would you ues a certified check?
When the persone receiving the check, the payee, wants to ensure that there are sufficient funds and that the check wont bounce. A certified check is as good as cash and a more secure method of payment for the payee.
How a cheque is cashed?
To cash a cheque, the payee must first endorse it by signing the back. They can then take it to their bank or a check-cashing service, where the teller will verify the signature and the account balance of the issuer. Once confirmed, the funds are either provided in cash or deposited into the payee's account. It's important to have valid identification to complete the transaction.
How is it that I am paying on a loan when the check the bank handed me hasn't been cashed by the payee?
Whatever the payee does with the check is immaterial. You borrowed money from the bank and are legally obligated to pay the loan back.
Can you write "or" on a check?
Yes, you can write "or" on a check to indicate that the payee can either deposit the check into their bank account or endorse it to someone else.
What do you call a cashed check?
A cashed check is commonly referred to as a "cleared check." This term indicates that the funds have been transferred from the payer's bank account to the payee's account, and the transaction has been completed. Once a check is cashed or cleared, it is no longer considered valid for future transactions.
How to endorse the back of a check if you write it to yourself and from yourself?
If you're writing the check to get cash from your account you can simply write "Cash" in the payee line. If you've already filled the check out with your name as payee and you are writing the check from your account, just sign the back of the check as your normally would endorse. :)
If a payroll check cashed at a check cashing facility is NSF can the check cashing facility hold the payee liable?
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.
Do all parties on a check have to endorse it?
No, not all parties on a check have to endorse it. Typically, only the payee (the person or entity to whom the check is made out) needs to endorse it to deposit or cash the check. If multiple payees are listed, their endorsements may be required depending on how the check is written (e.g., "and" vs. "or"). Always check with the bank for specific requirements.
