IF you meant 'on a crossed cheque' - it's an instruction to the bank, to credit the value of the cheque to the payee's account - rather than handing over the cash.
It's an instruction from one bank to another - to transfer funds between accounts.
To, Bank Manager Everest bank ltd Thamel, Kathmandu Subject : Application for opening account Sir, As we are a new company we a business bank account. I hereby request instruction on how our company account can be established in your bank.
You can cash personal checks at your own bank branch or at the branch from where the check was issued. But, if the check was a crossed/account payee check then you can only cash it by depositing it into your bank account. It is always advisable to write crossed checks to ensure safety and avoid fraudulent activities.
There should be a button on the Piggy bank that says reset. Hold that button until it resets. Otherwise read your instruction manual. Hope this helps :)
for further credit - instruction to a receiving bank to pay the funds to secondary beneficiary
Deposit it into your bank account A crossed cheque cannot be cashed directly. It can only be deposited into a bank account.
open a bank account.
To uncross a crossed check, you can simply draw a straight line through the original line, sign on top of the new line, and deposit the check at your bank. Make sure to also write "uncrossed" or "not crossed" on the check to notify the bank.
The only way the drawee can get the money is by opening a bank account and then depositing the crossed demand draft into it. The purpose of crossed drafts is to ensure that the money is paid out only into a bank account. So, there is absolutely no way for you to get the money without opening up a bank account. Also, the name in your bank account must match the name on the draft, otherwise the draft will not be encashed.
It's an instruction from one bank to another - to transfer funds between accounts.
It's a stop payment instruction on a bank draft
about fity thousand dollar
A crossed cheque must be banked. If the or bearer is not also crossed/deleted; then, strictly speaking, the cheque can be banked into the holder (bearer) of the cheque [and the bank teller will write the bank account number into which the cheque is being deposited].Some countries will only let the cheque be deposited into the bank account of the person/business named on the cheque (even if the or bearer is not crossed/deleted).
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
To make your Indian postal order to a crossed postal order, you must know the recipient's bank information. A crossed postal order is treated like a check.
Actually, ECS works upon standing instruction. So there is no difference between them , A standing instruction can be issued to the bank where a customer holds a account to debit/credit . In ECS you issue a mandate to the bank which debits your account periodically in case of ECS-Debit.
3 working days