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An order directing the bank to pay money is typically referred to as a "payment order" or "payment instruction." This can take various forms, such as a check, wire transfer, or direct debit authorization, where the account holder instructs the bank to transfer a specified amount to a designated recipient. Such orders must comply with banking regulations and the terms of the account agreement. The bank is legally obligated to execute the payment as long as sufficient funds are available.
What else can I help you with?
How can I obtain a money order from a bank?
To obtain a money order from a bank, you can visit a bank branch and request one from a teller. You will need to provide the amount of money you want the money order for, as well as pay the issuing fee. The bank will then issue you a money order that you can use as a secure form of payment.
What is an order to a bank to pay money is called?
An order to a bank to pay money is called a "check." It is a written instrument that directs the bank to withdraw funds from the account of the person who writes the check and transfer them to the person or entity named on the check. Checks can be used for various transactions, including paying bills or making purchases.
Where can you cash an old money order if the bank does not exist anymore?
Nowhere. A money order also has a validity period and if it is more than a few years old, there is no way you can cash it. Most importantly, you are saying that the bank does not exist, so who is going to pay for the money order? Nobody. So there is no way you are going to get the money order paid.
What is paypath?
pay path is when you can change your money from bank to bank
What is a money order?
It is a money order where you have to pay with money.
What does cheque means?
a written order directing a bank to pay money
What does the phrase pay to the order of mean?
The phrase means that the maker is directing the holder (usually a bank) of an account to pay a sum of money to the person designated.
What is a word meaning orders written by a depositor directing bank to pay out money for him?
If in Roy's class the answer is "checks"
What is pay order?
Par order is the amount of money which mad a DD from the bank or the customer of the bank.
If I order a game dlc character do I have to pay money from bank or from another source also will it accept saudi money or a specific money?
If you order a game dlc character you don't have to pay the money from the bank. You can pay via your Prepaid Visa or Master Card.
How can I obtain a money order from a bank?
To obtain a money order from a bank, you can visit a bank branch and request one from a teller. You will need to provide the amount of money you want the money order for, as well as pay the issuing fee. The bank will then issue you a money order that you can use as a secure form of payment.
What is the homonym for cheque?
The homonym for "cheque" is "check." "Cheque" is the British English spelling, while "check" is the American English spelling. Both words refer to a written order directing a bank to pay money.
How do you avoid paying with PayPal on etsycom?
Pay by bank transfer or money order ! If you read the payment page (see link !) You can use either PayPal, money order or bank transfer to pay for goods.
What is check pay order?
A check pay order, often referred to as a payment order or check payment, is a financial instruction issued by a payer to their bank, directing the bank to pay a specified amount to a payee. This process typically involves the payer writing a check that includes the payee's name, the amount, and the payer's signature. Once the payee deposits or cashes the check, the bank transfers the specified funds from the payer's account to the payee's account. Check pay orders offer a secure method of transferring money without needing cash.
Who are the 3 parties to a check?
A cheque is an order, "pay such-and-such an amount to the name of...". It is an order for a bank to pay it. I guess that if I extend a cheque in your name, the three parties are the one who extends the cheque (I in the example), the one who will receive the money (you in the example) and my bank.A cheque is an order, "pay such-and-such an amount to the name of...". It is an order for a bank to pay it. I guess that if I extend a cheque in your name, the three parties are the one who extends the cheque (I in the example), the one who will receive the money (you in the example) and my bank.A cheque is an order, "pay such-and-such an amount to the name of...". It is an order for a bank to pay it. I guess that if I extend a cheque in your name, the three parties are the one who extends the cheque (I in the example), the one who will receive the money (you in the example) and my bank.A cheque is an order, "pay such-and-such an amount to the name of...". It is an order for a bank to pay it. I guess that if I extend a cheque in your name, the three parties are the one who extends the cheque (I in the example), the one who will receive the money (you in the example) and my bank.
How can I obtain a money order to pay for my passport application?
To obtain a money order for your passport application, you can visit a bank, post office, or retail store that offers money order services. You will need to provide the amount you need, pay the fee, and receive the money order, which you can then use to pay for your passport application.
What is bank order?
an instruction given by an account holder to a bank to pay a specific sum of money at fixed intervals to a person or account
