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Can you cash a cheque made out to cash at any bank?
I have been given a cheque made out for CASH am I able to cash it at any bank
Can visa traveler cheque cash in to any bank?
Yes they can do it.
How long is a check good for before you cant cash it?
Currently in india, the validity of cheques is 3 months from the date mentioned on the cheque. Any cheque that is older than 3 months is considered a stale or invalid cheque and is worthless. For ex: If I give you a cheque on 1st of May 2013, it will be valid till 31st of July 2013. If you do not cash the cheque before 31st July 2013, the cheque is worthless. Even if you manage to deposit the cheque in your bank, it will come back with no money.
What are the reason for dishonouring a check?
A cheque may be dishonored for the following reasons: a. Cheque Date Expired - Usually cheques are valid only for 3 months from the date mentioned in it. So, if a cheque is dated 1st of January 2013 and you cash it in May or June of 2013, it will be dishonored because the cheque is old and invalid. b. Signature of account holder does not match with bank records c. Not enough funds in the bank account to pay the cheque d. Any overwriting or editing in the cheque e. Cheque issuer has explicitly put a stop-payment on the cheque.
What is the difference between multi city check and bearer check?
Mulitcity cheque is more advanced than ordinary cheque as multicity cheque can be deposited and given to any where iin india and takes less time for clearacnes where as ordinary cheque takes more time and come to mother bank branch for clearances.
What do you mean by at par cheque?
At par cheque is a cheque on which no charge is deducted by the bank for crediting to your account, even if your account is in a branch that is in a different city from where the cheque is issued. For example, if your account is in Mumbai, and a company with its account in Delhi gives you a cheque, the Bank will charge certain amount from the cheque, as the cheque will have to be sent to Delhi to get cleared. However, with the networking of branches of most banks, it is possible to get the cheque cleared without sending it to the issuing branch. So, many private and some public sector banks are issuing at par chequebooks to their account holders. This means that you can pay a bill in Delhi by cheque even if your account is in some different city. The receiver of the cheque will not have to pay any charge on the credit of the cheque, meaning that he will be more willing to accept your cheque
What happens when a person changes the amount of a check?
The payee changing the amount on a cheque after it is issued is Illegal. Any overwriting should be done by the issuer and also counter signed by him. Else, the cheque would not be cleared.
How long does it usually take to receive a settlement check that has already been settled?
It is modern practice to make an inter-bank transfer. When I was selling boats I would transfer the money immediately I had cleared funds. Depositing the cheque does not give funds access until the bank has cleared the cheque and received the funds from the other bank. Settlements of any type can not take place until the funds are cleared which can take 3-5 working days.
What is check number?
A unique number using which any cheque can be tracked. The cheque number on any cheque issued by a single bank will always be unique
Is there any homophone for check?
Yes, there is a homophone for "check" which is "cheque".
When does a cheque bounce?
When either of the below happens: * Not enough funds in the account to pay the cheque * Signature of the cheque issuer does not match with the signature in the cheque * Cheque is expired (Date of cheque is before 6 months from date of deposit) * There are any over-writings in the cheque without being counter signed by the cheque issuer.
Can you cash a cheque made out to cash at any bank?
I have been given a cheque made out for CASH am I able to cash it at any bank
Difference between order cheque bearer cheque?
A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque
Who may cross a check?
Usually it is the drawer of the cheque who also crosses the cheque. But any one may do so.
Can you overwrite or edit or alter the details in a check?
Preferably NO. It is advisable not to rewrite/overwrite any contents in the cheque. But if situation warrants, we must counter-sign near the altered area to confirm that it was a legitimate change done by the cheque issuer. Any unsigned modifications in the cheque would make the cheque unusable and the bank will not release any payments.
How do you cash check when other party lives out of state?
The same way you cash any other cheque; take it to the bank. The fact that they live a million miles away doesn't mean any more than if they live 10. The only difference is that it might take a little longer to be cleared.
Can you express clear a cheque at Lloyd and bank?
You can 'express clear' a cheque at any bank - but they will charge you a fee for doing so.
