answersLogoWhite

0

What else can I help you with?

Continue Learning about Finance

Can a voided check be cashed?

No, a voided check cannot be cashed because it has been marked as invalid and cannot be used for financial transactions.


When a cheque status is carved what does that mean?

Oh, dude, when a check status is "carved," it means someone got really creative with their banking and decided to turn their check into a work of art! Just kidding. In reality, if a check status is "carved," it probably means it was altered or tampered with in some way, which is definitely not a good thing. Like, that's a big no-no in the world of finance.


How much time can a cheque bounce?

The time frame for a cheque bounce in India can vary depending on the specific reason for the return. Generally, if a cheque bounces, the bank will inform the payee within 24 hours of the deposit attempt. After receiving the return memo, the payee has up to 30 days to issue a legal notice to the drawer demanding payment. The drawer then has 15 days to respond and clear the payment. If unresolved, the payee can file a complaint under the Negotiable Instruments Act, typically within a month after the response period ends. if you need legal service in cheque bounce matter visit the link


What happens if a mortgage company cashes a check marked paid in full?

Nothing , except if you try that, you may be charged with fraud if that's not true.


Is it possible for me to cash a check that is marked "for deposit only"?

No, if a check is marked "for deposit only," you cannot cash it. This restriction means the check can only be deposited into an account and not exchanged for cash.

Related Questions

Why should cheques be marked 'not negotiable?

A cheque being merely non-negotiable would not stop you cashing it. It only means the cheque cannot be presented by anyone other than the payee. However, it's also likely to be "crossed" and marked "A/c Payee" or "A/c Payee Only". Most cheque books are now printed this way. A crossed cheque can only be paid into a bank account and cannot be cashed over the counter. If the cheque is crossed AND marked non-negotiable it cannot be cashed would have to be paid into an bank account in your name. It would be worthless to anyone else so prevents someone else cashing the cheque for you - i.e. giving you the cash and putting in their own bank account .


If a cheque is given in payment but is not cashed have you paid your debt.?

Not necessarily ... the check may not have been cashed as it may have gotten lost. You need to check with the party to whom you sent it ... ask for written certification that they indeed received it and marked your account "paid in full".


Can a voided check be cashed?

No, a voided check cannot be cashed because it has been marked as invalid and cannot be used for financial transactions.


When a cheque status is carved what does that mean?

Oh, dude, when a check status is "carved," it means someone got really creative with their banking and decided to turn their check into a work of art! Just kidding. In reality, if a check status is "carved," it probably means it was altered or tampered with in some way, which is definitely not a good thing. Like, that's a big no-no in the world of finance.


What is the meaning if a cheque dishonoured by property not marked?

if "For______________" seal is not affixed for cheques issued in the accounts of legal entity.


What is Marked cheque?

a person may not like to part with goods in return for a cheque from a party not well known to him.in such context the banker on whom the cheques is drawn may be asked by the customers to mark the cheques as good for payment.this implies that cheque was drawn in good faith and on funds sufficient to meet it.


How much time can a cheque bounce?

The time frame for a cheque bounce in India can vary depending on the specific reason for the return. Generally, if a cheque bounces, the bank will inform the payee within 24 hours of the deposit attempt. After receiving the return memo, the payee has up to 30 days to issue a legal notice to the drawer demanding payment. The drawer then has 15 days to respond and clear the payment. If unresolved, the payee can file a complaint under the Negotiable Instruments Act, typically within a month after the response period ends. if you need legal service in cheque bounce matter visit the link


What happens to email marked as spam?

The email just goes into the spam box.


What you mean by accident?

Accident is anything that happens suddenly or unexpectedly without apparent cause but with marked effects.


What is a cancelled check?

A check that has been cashed and returned to you or has been striked off and marked as cancelled by the person who issued it. This is done by drawing two parallel lines across the check (diagonally) and writing "Cancelled" between the two lines. This is called Cancelling a check and once done, the check is null and void


What happens to the priority of a packet marked with DSCP when it passes a router that only supports IP precedence?

Packets will be prioritized according to IP precedence.


What happens if a mortgage company cashes a check marked paid in full?

Nothing , except if you try that, you may be charged with fraud if that's not true.