Ive done this before. It is not illegal. What normally happens is the payee may go to small claims court, (depending on the amount) and try to sue you for it. That puts the ball in their court, not yours. If you have any kind of case the judge will normally split the bill at minimum.
It Depends: 1. Yes it is Illegal if - you owe someone money and used the check to pay them for that. If you issue a stop payment the check will not be paid and the person to whom you issued this check can legally sue you for that 2. No it is not Illegal if - you have lost the check and want to ensure that whoever finds it cannot cash it without your approval
It depends: 1. Yes it is Illegal if - you owe someone money and used the check to pay them for that. If you issue a stop payment the check will not be paid and the person to whom you issued this check can legally sue you for that 2. No it is not Illegal if - you have lost the check and want to ensure that whoever finds it cannot cash it without your approval
THis ain't no question.... why would you stop payment on a check anyway
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.
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.
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.
Being able to place a stop payment on a cashier's check depends on the bank. If the cashier's check has been lost or stolen the bank may place a stop payment on it.
if you stop payment because the funds are not available then yes it is.
you can place a stop payment on a check right after you write the check if you want to pay the fee
The person who issued the cheque can issue the stop payment on the cheque. As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check
Yes, you can stop payment on a check that you have already issued by contacting your bank and requesting a stop payment order. However, there may be a fee associated with this service.
As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check.