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Can you explain what an inclearing check means?
An inclearing check refers to a check that is being processed by a bank for payment. It is in the process of being cleared and the funds are being transferred from the payer's account to the payee's account.
What is remmitance?
Well, not sure about the spelling, but REMITTANCE means: 1. This is a payment via bank 2. Or a paper from bank confirming the payment
Can a bank withdraw money from your account for a visa payment?
Yes - If you have given auto debit instructions (ECS - Electronic Clearing) for your VISA payment No - If you have not given such instructions
How does one pay their bill online at Go GE Capital?
One can pay their bill online at Go GE Capital by going into their account and selecting the payment option. From there, one can put in the amount of the payment, the date, and the source of the payment before confirming the transaction.
Can you stop payment on a check that is clearing the same day?
It Depends: Yes - If the check has just reached the bank and the banks is still processing the payment. If so, you can issue a stop payment and the bank will not pay for the check No - If the bank has already processed the check and released the payment to the payee customers bank account.
What is inclearing check?
An inclearing check refers to a financial instrument, typically a check, that is presented for payment within the same banking system or network where it was issued. It involves the process of clearing and settling the check through the bank's internal systems. Inclearing checks are processed more quickly than outclearing checks, which require interbank coordination. This process helps ensure that funds are transferred efficiently between accounts within the same institution.
Can you explain what an inclearing check means?
An inclearing check refers to a check that is being processed by a bank for payment. It is in the process of being cleared and the funds are being transferred from the payer's account to the payee's account.
What is difference between inward CLEARING and outward?
Assume you hold an account with HSBC, and you give a cheque to your friend who holds account with Citi . So a cheque drawn on HSBC MICR, gets deposited in Citi . Now HSBC Processing team receives the cheque from Citi processing team through clearing . This is Inward clearing of funds wherein HSBC checks signature, funds, stale or post dated details before clearing it or return it. On the other way, cheques drawn on other bank deposited in hsbc and the same sent by HSBC to drawn on bank through clearing is outward clearing.. These processes have now been automated using applications like ICCS - Image cheque clearing system. etc..
What is remmitance?
Well, not sure about the spelling, but REMITTANCE means: 1. This is a payment via bank 2. Or a paper from bank confirming the payment
What are the main duties of a cheque clearing officer?
A cheque clearing officer is responsible for processing and verifying cheques presented for payment, ensuring that they are legitimate and properly authorized. They also manage the reconciliation of accounts, monitor the flow of funds, and ensure compliance with banking regulations. Additionally, they may handle disputes related to cheque transactions and provide customer service support regarding cheque-related inquiries. Overall, their role is crucial for maintaining the integrity and efficiency of the cheque clearing process.
What part of speech is check in?
The word "check" can function as a verb or a noun. As a verb, it refers to inspecting or verifying something. As a noun, it can refer to a bank order for payment or a method of verifying something.
Responsibilities of voucher certification include verifying that the payment is?
legal, proper, and correct
What entity would physically process a stock dividend payment- The Issuing Company or the Stock Exchange or the Transfer Agent or the Clearing House?
Clearing House
Can a bank withdraw money from your account for a visa payment?
Yes - If you have given auto debit instructions (ECS - Electronic Clearing) for your VISA payment No - If you have not given such instructions
What does BP abbreviation stand for on your bank statement?
BP stands for Bill Payment - the payment has been transferred from another bank account. BP actually stands for BACS Payment. Which is Bankers' Automated Clearing Services'.
Define inward clearing?
Inward clearing refers to the checks drawn by a bank client on their account in favor of other parties. The accounts of the check issuer is debited to the account and the payment is made to the bank.
Which Halifax branch has the sort code 11-02-76?
This is the Halifax Payment Clearing Services sort code.
