a remittance advice is a written confirmation of payment,otherwise known as a receipt or in the USA a check.
the person who is making the check.
No, you do not sign as the remitter on a cashier's check. The bank issues the cashier's check, and it is signed by a bank representative. As the purchaser, you typically provide the funds and may need to fill out a request form, but you do not sign the check itself.
Yes, cashier's checks typically have the name of the purchaser or remitter printed on them when they are issued.
This can be two things: 1. Originator of funds (i.e. the remitter), the person(s)/entity that initiated the funds transfer, and 2. Source of funds, implying what are the source of funds for the remittance, i.e. where is this money coming from.
The Remitter has to provide the following details:Amount to be remittedAccount number which is to be debitedName of the beneficiary bankName of the beneficiaryAccount number of the beneficiaryRemarks or description, if anyThe IFSC code of the beneficiary branch
A remitter is the person who sends the money order
It is possible but does depend upon the policies of the issuing bank. The check can be negotiated by the remitter, however, the remitter's bank may not allow them to exchange the check for cash - they may require it be deposited bank into the remitter's account. The remitter would have access to the funds per that bank's funds availability policy, but no later than the next day in most cases.
the person making the payment
No
the person who is making the check.
It depends on destination and remitter.
No, you do not sign as the remitter on a cashier's check. The bank issues the cashier's check, and it is signed by a bank representative. As the purchaser, you typically provide the funds and may need to fill out a request form, but you do not sign the check itself.
Yes, cashier's checks typically have the name of the purchaser or remitter printed on them when they are issued.
This can be two things: 1. Originator of funds (i.e. the remitter), the person(s)/entity that initiated the funds transfer, and 2. Source of funds, implying what are the source of funds for the remittance, i.e. where is this money coming from.
The Remitter has to provide the following details:Amount to be remittedAccount number which is to be debitedName of the beneficiary bankName of the beneficiaryAccount number of the beneficiaryRemarks or description, if anyThe IFSC code of the beneficiary branch
If it is made payable to you, yes. If you are the remitter (purchaser - person paying with the check), no.
The short answer is No. However, if the original payee signs the check over to you by endorsing the back your Financial Institution may negotiate the check as 2nd party. Besides that you must have the check re-issued by the remitter (the person who wrote the check).