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What else can I help you with?
How can you get premium receipt of LIC policy?
You can get premium receipt against payment made both online and over counter.When payment of premia is made by cheque, the premium receipt inscribes the clause '...subject to realisation of cheque.'
Can you deposit a check made out to cash?
Yes we can make this by depositing the cheque in our account
How can one make a payment on their GapCard?
A person can make a payment on their Gap credit card in a number of ways. Payments to a Gap credit card can be made by mail, over the telephone, online account, or by the persons bank's bill payment system.
What is standing order in banking?
Regular payment made out of a current account which is of a set amount and is originated by the account holder
What happens if you don't have enough funds to cover a check?
The first would surely happen and of the remaining, Either or all of them would happen. * The Cheque would bounce and no payment would be made * The bank would charge a cheque bounce fee * The cheque receiver would request a fresh payment or initiate a legal proceeding against you * The bank would lower your credit rating and your chances of getting loans in future would be difficult * etc...
Does the lien holder have the title of your car?
where payment cannot made directly to the supplier cheque are deposite in special bank account known as no line account
What is the difference between cheque and receipt?
A cheque is a financial instrument that instructs a bank to pay a specified amount of money from the account of the cheque writer to the person or entity named on it. In contrast, a receipt is a document that acknowledges the receipt of payment or goods, serving as proof of a transaction. While a cheque is used to initiate payment, a receipt confirms that payment has been made.
What are the essentials of a cheque?
The essential elements of a cheque include the name of the bank, account payee, payee of whom the cheque is written to, date of the cheque, the payment amount written in words and numbers, serial number of the cheque, the bank state and branch code, and the account number. A signature must be signed at the bottom signature line for the payee to present the cheque.
Is it possible to cancel cheques?
Yes. The term used for this is called Cheque "Stop Payment" You must visit the bank branch from which you got the cheque book and submit a letter stating the reason for the same and also provide the cheque number. If the cheque has not yet been paid, the cheque would be canceled and no payment would be made.
What is the difference between a drawer payee and a drawee of a cheque?
In a cheque transaction, the drawer is the person or entity that writes and signs the cheque, instructing the bank to pay a specified amount to the payee. The payee is the individual or entity to whom the cheque is made out and who is entitled to receive the payment. The drawee, on the other hand, is the bank or financial institution where the drawer holds an account and is responsible for honoring the cheque by releasing the funds to the payee upon presentation. In summary, the drawer creates the cheque, the payee receives the payment, and the drawee facilitates the transaction by processing the cheque.
How can you get premium receipt of LIC policy?
You can get premium receipt against payment made both online and over counter.When payment of premia is made by cheque, the premium receipt inscribes the clause '...subject to realisation of cheque.'
Can a Crossed checks be transferred. The check is made out to may company but I want to transferred it to another company for payment?
A crossed cheque can only be paid into the account as detailed on the cheque - this reduces the risk of theft and fraud as it limits the possibility of someone else cashing it.
Difference between cheque and dd?
The following are the main differences between a cheque and a demand draft: 1. A cheque is issued by an individual, whereas a demand draft is issued by a bank. 2. A cheque is drawn by an account holder of a bank, whereas a draft is drawn by one branch of a bank on another branch of the same bank. 3. In a cheque, the drawer and the drawee are different persons. But in a draft both the drawer and the drawee are the same bank. 4. A Cheque can be dishonored for want of sufficient balance in the account. Whereas a draft cannot be dishonoured. Hence there is certainty of the payment in the case of a demand draft. 5. Payment of a cheque can be stopped by the drawer of the cheque, whereas, the payment of a draft cannot be stopped. 6. A cheque is defined in the Negotiable Instrument Act, 1881, whereas a demand draft has not be precisely defined in the NI Act. 7. A cheque can be made payable either to a bearer or order. But a demand draft is always payable to order of a certain person. M.J. SUBRAMANYAM, BANGALORE
What is the difference between demand draft and cheque?
The following are the main differences between a cheque and a demand draft: 1. A cheque is issued by an individual, whereas a demand draft is issued by a bank. 2. A cheque is drawn by an account holder of a bank, whereas a draft is drawn by one branch of a bank on another branch of the same bank. 3. In a cheque, the drawer and the drawee are different persons. But in a draft both the drawer and the drawee are the same bank. 4. A Cheque can be dishonored for want of sufficient balance in the account. Whereas a draft cannot be dishonored. Hence there is certainty of the payment in the case of a demand draft. 5. Payment of a cheque can be stopped by the drawer of the cheque, whereas, the payment of a draft cannot be stopped. 6. A cheque is defined in the Negotiable Instrument Act, 1881, whereas a demand draft has not be precisely defined in the NI Act. 7. A cheque can be made payable either to a bearer or order. But a demand draft is always payable to order of a certain person.
Can you deposit a check made out to cash?
Yes we can make this by depositing the cheque in our account
Explain why some economists argue that payment by cheque is thesame as giving trade credit?
Some economists argue that payment by cheque is the same as giving trade credit since both involve transactions which are not made in cash .
How do you put account payee check in bank?
A crossed cheque can ONLY be paid into the bank account of the person the cheque is made out to. If yo are not that person and try to do so then you are trying to commit a fraud.
