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No. It is very well possible that when you cash the check it does not get paid.

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13y ago

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Related Questions

Sentence with postdate in it?

Give me a check with a postdate on it. I won't cash it until then.


Are NSF Checks considered cash or cash equivalent?

cash equalivant


Are postdated checks illegal?

Are post-dated checks issuing allowed by the State law in Greece or it is forbidden? Tks for the answer. Massimo


Can you deposit a postdated check the day before the due date to another bank?

No, you typically cannot deposit a postdated check before its due date, as banks usually process checks based on the date written on them. If you attempt to deposit a postdated check early, the bank may reject the deposit or return the check. It's best to wait until the actual date on the check to make the deposit. Always check with your specific bank for their policies regarding postdated checks.


How do you record in your company's books the dated and post-dated checks received from clients?

Postdated checks. If a customer gives you postdated checks, treat them as a note receivable. In other words, debit it to Notes Receivable, not to Cash. On the date written on the check, deposit it to your firm's account, debiting Cash and crediting Notes Receivable. Returned checks. When the bank notifies you that it is returning a customer's check for NSF (not sufficient funds), debit the customer's account immediately-even if you plan to redeposit the check the same day. For good internal controls, instruct your bank to address all returned checks to someone other than you-possibly the owner or a senior manager. This can protect you if an employee tries to use fictitious checks to cover temporary shortages. http://www.aipb.org/newsletter/bookkeeping_tips/pdfs/BookkeepingTips_2-38.pdf


Can you cash checks at ATMs?

Yes, you can deposit checks at ATMs, but not all ATMs allow you to cash checks.


What does cash include?

Cash is pretty much that, cash or what is considered "cash equivalent" which usually includes such things as petty cash, credit or debit card payments received, money orders, checks, cashier's checks, etc.The Cash account in accounting is used when cash or payments are received or cash is paid out for some reason, expenses, purchases, etc. It is usually the companies bank account.


Is credit card and debit card considered as a cash?

No, credit cards are loans and debit cards are checks.


What types of checks will Walmart cash?

does walmart cash state child support checks


Will check into cash accept starter checks?

Check Into Cash typically does not accept starter checks for cashing. Starter checks are often considered less secure and may not have the necessary verification features. It's best to contact your local Check Into Cash location directly or check their website for specific policies regarding check cashing.


When a check considered to be stale?

Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it. Since it has no value it is considered to be stale.


How much time do you have to cash a personal check?

Checks that are older than 90 days (180 days in some countries) are considered stale or expired checks. They are checks that no longer carry a value and no bank would cash such a check. It is called a Stale or an Expired check and it carries no value.