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It Depends:
Yes - If you gave the check to someone to who you owned some money and need to pay that person for the service he provided you. Since a stop payment results in no-payment the person who got the check can get you arrested
No - If the check was lost or stolen. You can always issue a stop payment to ensure that even if the check is misused by anyone to whom you did not intend to give it, the bank won't pay the check.
What else can I help you with?
Who can stop payment of a cheque?
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
Can you stop a good for payment cheque?
No. A good for payment is automatically paid to the beneficiary upon the maturity of the check. A bank undertakes the responsibility that it will not stop the payment of the check under any circumstances.
Application for stop payment of cheque?
i dont remeber some cheque issued when perssion & whos date & wich amount so plz application on reletad this metter
What is good for payment cheque?
Bank gives surety or guarantee to pay the money to beneficiary of the cheque endorsed by bank. Customer (drawer) has to pay certain charge to make a cheque Good for Payment. The payable amount is segregated from the balance to reserve once it endorse. This cheque is authorized by the banker to be Good for Payment. Customer can request bank to prepare manager's cheque, cashier's cheque, banker's cheque or cheque on selves instead of good for payment
What is a countermanded cheque?
conutermanded cheque is the cheque which has been stoped payment....for some reasons
Who can stop payment of cheque?
Owner of Cheque and/or Bank
Who can stop payment of a cheque?
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
Can you stop payment on a check without it being fraud?
Yes, by contacting your bank branch and request them to stop the payment of cheque, by giving them the cheque no. and telling the amount and the name favoured.
What to do to stop payment of a cheque which was lost?
Call or go to your bank .
What is the Homophone to bring to a stop payment of money?
check and cheque
What is the homophones of to bring to a stop and payment of money?
check and cheque
What is the homophone for bring to a stop and payment of money?
check, cheque
What is a homophone bring to a stop and payment of money?
check, cheque
what is the homophone for to bring to a stop of payment of money?
check, cheque
Payment of money or to bring to a stop which homophone is suitable?
check, cheque
What homonyms mean to bring to a stop or payment of money?
check, cheque
What homonyms means to bring to a stop or payment of money?
check, cheque
