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Hello,
This is G.N.Raju from vizag, Andhra Pradesh. Good for Payment check is a 100% legal.
I'm going to write one letter format in this forum, Cheque(with banker signature and stamp) and one bank letter head(which format i was write in below) these two things are enough. You can get the good payment from it.
(ON THE LETTER HEAD OF THE BANK)/ BRANCH LEVEL- VERIFICATION
TO WHOMESOEVER IT MAY CONCERN
Date:
Ref No:
Dear Sir,
Sub: Undertaking towards Customer Cheque No: ________that it would be honored on its due date in the A/c XXXXX.
This is to confirm that M/s ____________________________________having current a/c No: _______________________with our bank branch is in the privilege customer category.
As per the request of our customer M/s YYY, we are issuing the undertaking along with the customer Cheque No: _______________Dated: ______for an amount of Rs X, 00, 00, 000 (_____________ Crores Only) issued in your favour.
The mentioned Cheque will be honored on the mentioned due date irrevocably & unconditionally on presentation to our Bank branch with full responsibility and co-operation and without any notice to the customer.
We do confirm not to honour the instructions of our customer _____________ to stop pay against the above cheque and we confirm that this conformation is in full force till the realization of the above cheque can not be revoked under any circumstances by our customer.
We hereby confirm to facilitate the verification of Cheque No:______________________________& this letter through __________(Bank Name).
Phone : +91-
Fax : +91-
Thanking you,
Yours faithfully
Signature
Manager / Assistant Manager
Emp Code : Emp Code :
BANK Seal
What else can I help you with?
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.
Can you redeposit a stopped payment check?
You can, but once a check is stopped it's stopped for good.
What should I do if my check is lost in the mail?
If your check is lost in the mail, you should contact the issuer of the check and request a stop payment on the lost check. They can then issue you a new check or provide an alternative payment method. It's also a good idea to monitor your bank account for any unauthorized transactions.
What happens when you stop payment on a check?
When you stop payment on a check, the bank is instructed not to honor the check if it is presented for payment. This can prevent the recipient from cashing the check and can protect you from unauthorized withdrawals from your account.
Can you please write out a check for the payment?
Certainly. Would you like me to write out a check for the payment?
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.
Can you redeposit a stopped payment check?
You can, but once a check is stopped it's stopped for good.
Is there any options if your check bounce on car down payment?
Immediately make the check good.
What should I do if my check is lost in the mail?
If your check is lost in the mail, you should contact the issuer of the check and request a stop payment on the lost check. They can then issue you a new check or provide an alternative payment method. It's also a good idea to monitor your bank account for any unauthorized transactions.
Is it legal to stop payment on a check that is going to overdraw your account?
It is legal to do so as long as the reason for writing the check in the first place was not fraudulent, and as long as you promptly take other means to make good on the payment.
Will banks cash a stale dated check?
Yes, they will.Our company stopped payment on a check back in 2006. The personreceiving the check said it was lost.The check was cashed one year later. The bank said the stop payment was only good for 6 months. If you put a stop on a check, eitherstop payment every six months or change your account.The check was a small dollar amount.What we learned - we have to go back and stop payment every 6 months.
What happens when you stop payment on a check?
When you stop payment on a check, the bank is instructed not to honor the check if it is presented for payment. This can prevent the recipient from cashing the check and can protect you from unauthorized withdrawals from your account.
When receiving payment from a private insurance carrier check the amount of payment on the EOB with the?
when receiving payment from a privit insurace carrier check the amount of payment on the EOB with the
Can you please write out a check for the payment?
Certainly. Would you like me to write out a check for the payment?
How can I stop payment on a check to a contractor?
To stop payment on a check to a contractor, you can contact your bank and request a stop payment order. This will prevent the contractor from cashing the check. Be prepared to provide details about the check, such as the check number and amount, to the bank.
Payment by check or payment by cash?
cash payment limited for budget 2010-2011
Can you put a stop payment on a check after it is cashed?
No. A stop payment can be issued only before the check payment is made by the bank. If you try a stop payment after the bank has paid for the check, the bank wont accept it because the stop payment instruction is useless now and cannot be executed.
