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Bank gives surety or guarantee to pay the money to beneficiary of the cheque endorsed by bank. Customer (drawer) has to pay certain charge to make a cheque Good for Payment. The payable amount is segregated from the balance to reserve once it endorse. This cheque is authorized by the banker to be Good for Payment. Customer can request bank to prepare manager's cheque, cashier's cheque, banker's cheque or cheque on selves instead of good for payment
What else can I help you with?
Can any one arrange me a Good for payment cheque in visakhapatnam?
In chennai good for payment cheques can be arranged by an consultant 9842566336
What is a countermanded cheque?
conutermanded cheque is the cheque which has been stoped payment....for some reasons
What is the cheque number for the payment made on your account?
The cheque number for the payment made on your account is the unique identification number printed on the cheque used for the transaction.
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.
What are the power of check holder?
You can issue a cheque for payment, cancel a cheque, get the cheque deposited through the bank.
Can any one arrange me a Good for payment cheque in visakhapatnam?
In chennai good for payment cheques can be arranged by an consultant 9842566336
Who can stop payment of cheque?
Owner of Cheque and/or Bank
What is a countermanded cheque?
conutermanded cheque is the cheque which has been stoped payment....for some reasons
Can you send a photocopied cheque in payment?
No, the cheque needs to be original.
What is the cheque number for the payment made on your account?
The cheque number for the payment made on your account is the unique identification number printed on the cheque used for the transaction.
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.
What is the difference between a good for payment cheque and a general cheque?
A good for payment cheque is a type of cheque that is guaranteed to be honored by the bank, often because it is backed by sufficient funds or a specific agreement, ensuring that the recipient can cash it without issue. In contrast, a general cheque may not have the same level of assurance; it relies on the account holder having sufficient funds at the time of cashing. If insufficient funds are available, a general cheque may bounce, leading to potential fees and complications.
What are the power of check holder?
You can issue a cheque for payment, cancel a cheque, get the cheque deposited through the bank.
What is an elv number?
Is this related to an payment? In Germany, an ELV is a kind of electronic cheque.
Difference between order cheque bearer cheque?
A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque
What the homophone for payment of money?
check, cheque
how good for payment cheque is issued?
A payment cheque is generally considered a secure method of transferring funds, as it requires the payer's bank to honor the amount specified. However, its effectiveness can be impacted by factors such as insufficient funds in the payer's account, the cheque being lost or stolen, or delays in processing. It's important for the recipient to verify the cheque's legitimacy and ensure they deposit it in a timely manner. Overall, while payment cheques can be reliable, they carry some inherent risks.
