This is a mtter between you and whatever bank you deal with.
The payee is the one that receives a payment. On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account. On a promissory note he is the one who receives the money from the loan.
Yes you can, as long as you have the date on the check, the payee and the amount of the check.
When the persone receiving the check, the payee, wants to ensure that there are sufficient funds and that the check wont bounce. A certified check is as good as cash and a more secure method of payment for the payee.
The check cashing business will be unable to recover the funds from your bank.
receive
A bill is typically deemed to be paid when the check is received by the payee. While the date the check is cut or mailed may be important for record-keeping or determining payment timing, the actual transfer of funds occurs when the payee has possession of the check. Therefore, for legal and accounting purposes, receipt of the check by the payee is the critical point for considering the bill as paid.
Receives. A payee is paid (an employee is employed). A payer pays (an employer employs).
To stop payment on a check, you need to contact your bank and request a stop payment order. This will prevent the check from being cashed or deposited. Be prepared to provide details about the check, such as the check number, amount, and payee. Keep in mind that there may be a fee for this service.
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
It Depends: Yes - If the check has just reached the bank and the banks is still processing the payment. If so, you can issue a stop payment and the bank will not pay for the check No - If the bank has already processed the check and released the payment to the payee customers bank account.
A payee bank is the financial institution that receives funds on behalf of a payee, typically in a transaction such as a check deposit or an electronic funds transfer. This bank is responsible for crediting the payee's account with the transferred amount once the transaction is processed. In essence, it facilitates the payment flow from the payer's bank to the payee.
To do a stop payment on a check, you need to contact your bank and provide them with the check number, amount, and payee's name. The bank will then put a stop on the check to prevent it from being cashed. Be aware that there may be a fee for this service.