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What is a retail indicator on chex systems?
Merchants can submit notification stating that at least one check presented to them as payment has been presented twice and returned unpaid both times, or that the check was returned as closed account.
How many times can a check be presented for payment?
This depends on your bank's policy, but it is usually 3 times. At that point, the payee would have to resort to other legal means to recoup their money, such as filing a claim in small claims court.
How many times can a check be presented to a bank after it bounces?
Each time a check bounces there is a 30-40 dollar fee, so once is enough.
How many times can a check be returned through a federal reserve bank as a charge back item?
Most banks will limit the times an item will be charged back usually between 3-5 times. However, some banks will allow a check to go through processing as many times as the check is deposited. However, the bank that the check is drawn off of may decide to eventually close that account if this check goes through as a charge back too many times.
How long do you have to pick up money from moneygram?
MoneyGram typically requires recipients to pick up funds within 90 days of the transaction. If the money is not collected within this timeframe, it may be returned to the sender. However, specific pickup times can vary based on local regulations and the payment method used. It's always best to check with MoneyGram directly for the most accurate information.
What is a retail indicator on chex systems?
Merchants can submit notification stating that at least one check presented to them as payment has been presented twice and returned unpaid both times, or that the check was returned as closed account.
How many times can a check be presented for payment?
This depends on your bank's policy, but it is usually 3 times. At that point, the payee would have to resort to other legal means to recoup their money, such as filing a claim in small claims court.
How many times can a check be presented to a bank after it bounces?
Each time a check bounces there is a 30-40 dollar fee, so once is enough.
How many times can a check be returned through a federal reserve bank as a charge back item?
Most banks will limit the times an item will be charged back usually between 3-5 times. However, some banks will allow a check to go through processing as many times as the check is deposited. However, the bank that the check is drawn off of may decide to eventually close that account if this check goes through as a charge back too many times.
What if you were send a check and check was bad?
If you send a check and it is bad, the consequences are going to be different depending on what you are sending the check in for. If you are paying a credit card bill (using this example because you put the question in the credit and debit card category) the check would be returned to your bank unpaid. The company you are paying may try to represent the check one or two more times and each time, your bank will charge you an overdraft fee, usually $5 to $35. The company you are paying will also charge you a late fee, bounced check fee and reverse the payment credit. If you are not yet late on your bill, you can just send another check that is good, or a money order and call the vendor (credit card company) you are paying and they will usually reverse the fee for you one time if it never happened before. If your ultimate payment arrives more than 30 days late, it will be on your credit report for 7 years as a late payment. This does not apply for the gas company or phone, although the late fees will. You can also call the credit card company or vendor you are paying and ask them if they will take a check by phone for payment. You can give them your routing number and account number over the phone and hopefully pay in time to beat the bad check you wrote.
How long do you have to pick up money from moneygram?
MoneyGram typically requires recipients to pick up funds within 90 days of the transaction. If the money is not collected within this timeframe, it may be returned to the sender. However, specific pickup times can vary based on local regulations and the payment method used. It's always best to check with MoneyGram directly for the most accurate information.
Why would a business want to use electronic check payment processing?
Electronic check payment processing offers several advantages to businesses, including faster transaction times, reduced risk of check fraud, and lower processing costs compared to traditional paper checks. It also provides convenience to customers who prefer to pay electronically, improving overall customer satisfaction.
Which Indian Finance Minister presented the Union Budget maximum number of times?
Morarji Desai- 10 times
How many times a bounced cheque can be presented?
Every time you bounce a check a fee is charged by the bank and there may be an additional fee by the business/person chashing the check so you don't want that check to go through more than once. Usually after the first rejection by the bank a person or business may try a second time, but not a third.
Who won the presidency after a ty vote was returned to house of representatives 36 times?
Jefferson in 1801
Why is the payment posted but the money still in the account?
The payment may be posted in your account but the money may not be immediately deducted because of processing times or pending transactions.
What is advance payment in construction?
Many times a contractor will ask for an advance payment in construction before work can begin to make sure they will get paid. Advance payment might also be asked of the customer so that materials can be purchased.
