It depends on circumstances and the intentions of the person.
It is okay to stop a check if:
a) If you are stopping a check with the assistance of a Court Order or permission,
b) If you stop a check with the knowledge and express permission of the other party in order to defer the payment or to increase/decrease the amount, or they have lost the check and asked for it to be reissued.
c) Clerical errors such as you issued more than one check erroneously against the same item purchased, or mailed it to the wrong address.
d) The other party has failed to provide the value promised in exchanged for the money the check represents.
It is not legal to stop a check:
a) If you stop payment on a check with an intention of not paying the other person it is a crime and you will be liable for prosecution. It is fraud and theft.
As a rule, you can issue a check only when there is sufficient finance available and it is an agreement to pay equivalent money to the recipient.
No. A stop payment can be issued only before the check payment is made by the bank. If you try a stop payment after the bank has paid for the check, the bank wont accept it because the stop payment instruction is useless now and cannot be executed.
To stop payment on a check to a contractor, you can contact your bank and request a stop payment order. This will prevent the contractor from cashing the check. Be prepared to provide details about the check, such as the check number and amount, to the bank.
When you stop payment on a check, the bank is instructed not to honor the check if it is presented for payment. This can prevent the recipient from cashing the check and can protect you from unauthorized withdrawals from your account.
Being able to place a stop payment on a cashier's check depends on the bank. If the cashier's check has been lost or stolen the bank may place a stop payment on it.
The person who issued the cheque can issue the stop payment on the cheque. As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check
It could possibly be a felony depending on the size of the check. I've been served with an arrest warrant for stopping payment on a check before. It was for 750 dollars. It may be a misdemeanor or felony only if you stopped payment in an attempt to and with intent to commit criminal fraud upon the payee. Merely stopping payment on a check, even a post-dated check, is not a crime in and of itself. In other words there is no such crime as "stopping payment on a check." The crime is fraud, which may be perpetrated by stopping payment on a check.
No. A stop payment can be issued only before the check payment is made by the bank. If you try a stop payment after the bank has paid for the check, the bank wont accept it because the stop payment instruction is useless now and cannot be executed.
THis ain't no question.... why would you stop payment on a check anyway
To stop payment on a check to a contractor, you can contact your bank and request a stop payment order. This will prevent the contractor from cashing the check. Be prepared to provide details about the check, such as the check number and amount, to the bank.
When you stop payment on a check, the bank is instructed not to honor the check if it is presented for payment. This can prevent the recipient from cashing the check and can protect you from unauthorized withdrawals from your account.
Being able to place a stop payment on a cashier's check depends on the bank. If the cashier's check has been lost or stolen the bank may place a stop payment on it.
if you stop payment because the funds are not available then yes it is.
The person who issued the cheque can issue the stop payment on the cheque. As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check
you can place a stop payment on a check right after you write the check if you want to pay the fee
Yes, you can stop payment on a check that you have already issued by contacting your bank and requesting a stop payment order. However, there may be a fee associated with this service.
As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check.
To stop payment on a check, you need to contact your bank and request a stop payment order. This will prevent the check from being cashed or deposited. Be prepared to provide details about the check, such as the check number, amount, and payee. Keep in mind that there may be a fee for this service.